LIBERTYVILLE, IL, 12/14/2016 – For the third straight year, A.M. Best has awarded a financial strength rating of A (Excellent) and issuer credit rating of “a” for Caring Communities, a Reciprocal Risk Retention Group (District of Columbia) and Caring Communities Insurance Company (Cayman Islands). The outlook for all ratings has been affirmed as stable.
“We are very pleased and proud that A.M. Best has affirmed our company’s A (Excellent) ratings,” shared Jim Caldwell, Caring Communities President and CEO. “From the beginning we have chosen to operate in accord with A.M. Best’s principles, and earning an A (Excellent) rating honors our achievements.”
The A.M. Best rating of A (Excellent) is assigned to companies that have an excellent ability to meet their ongoing insurance obligations. More information regarding our affirmed rating, and A.M. Best’s rating system, can be found on the A.M. Best website.
Caring Communities, the nation’s leading policyholder-owned professional and general liability insurance company serving the not-for-profit aging services industry, is one of only 17 risk retention groups with an A (Excellent) rating or greater.
About AM Best
A.M. Best was founded in 1899 by Alfred M. Best with the mission to report on the financial stability of insurers and the insurance industry. It is the oldest and most widely recognized provider of ratings, financial data and news with an exclusive insurance industry focus.
Ratings are issued on over 3,500 companies in more than 80 countries worldwide. Best’s Credit Ratings are recognized as a benchmark for assessing a rated organization’s financial strength as well as the credit quality of its obligations.
A.M. Best produces dozens of products and services containing Best’s Credit Ratings and related analysis. We cover 16,000 insurance companies globally through a wide range of analytical resources, references, directories and periodicals that provide insurance professionals and consumers with the critical information they need to make informed business decisions.
A.M. Best has offices in the U.S., London, Hong Kong, Dubai, Mexico City and Singapore. View the company’s history to learn more about its role in the global insurance industry.
More information about AM Best is available visiting ambest.com.
About Caring Communities
Caring Registered use this A.M. Best Rated A (Excellent), Caring Communities, a Reciprocal Risk Retention Group is the leading member-owned provider of professional, general, and excess liability insurance protection, education, and risk management services for the country’s preeminent not-for-profit providers of senior care and housing. Membership in Caring Communities represents a long term strategic opportunity for mission based providers to work with the industry’s innovators and leaders – to further their mission in creating the safest environments and best risk management practices for their residents and employees. Caring Communities is owned and governed exclusively by its Members.
