News & Insights

LAMMICO’s “A” Rating Reaffirmed by AM Best

July 17, 2019

LAMMICO’s “A” Rating Reaffirmed by AM Best

The world’s oldest and most authoritative source of insurer financial performance, AM Best, recently awarded LAMMICO an “A” (Excellent) rating for 2018. This recognition, which also applies to LAMMICO’s sponsored LAMMICO Risk Retention Group, Inc., reflects the continued commitment of our board and management to be a financially strong and stable medical professional liability insurance carrier.

AM Best cites LAMMICO's “strong capitalization driven by a conservative loss reserving philosophy, consistently favorable operating performance, high policyholder retention and leadership position in providing medical professional liability insurance coverage to physicians and other healthcare professionals.” This rating underscores LAMMICO's continued improvement in the financial strength and overall growth of the company allowing our insureds to practice with confidence.

 

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