FFVA Mutual Insurance Company of Maitland, Fla. has been awarded an A rating (Excellent) from A.M. Best Company. It also received a “stable” outlook rating, indicating it is experiencing stable financial/market trends.
“This is a culmination of our commitment to product excellence, responsive service, innovative technology and strong agency relationships,” Craig Menzl, FFVA Mutual president and CEO said.
According to A.M. Best, the rating reflects FFVA Mutual’s “excellent capitalization and strong operating results driven by consistent underwriting performance and stability within its reserving patterns.” The ratings company indicated that the positive results are driven by “adherence to sound underwriting principles, aggressive claims management, effective loss control services and a conservative investment portfolio.”
The rating report said the reason FFVA Mutual has maintained market share and pricing integrity despite the volatility within the Florida workers’ compensation market is because of its strong agency relationships and a long-standing presence in the Florida workers’ compensation market.
FFVA Mutual Insurance Co. is a Florida workers’ compensation carrier. The company continues to pursue its expansion into all classes of business and into contiguous states. FFVA is currently licensed in Florida, Georgia, Alabama, Mississippi and Kentucky.
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