San Francisco-based CSE Insurance Group announced that A.M. Best Co. has reaffirmed the company’s financial strength rating of A-.
“The rating and outlook reflect [CSE Insurance's] excellent capitalization, favorable operating performance and market niche as a writer of personal lines products for civil service employees and affinity groups,” said A.M. Best in a statement. “The group’s positive rating factors are derived from management’s knowledge of its California operating territories, strong business persistency, moderate underwriting leverage, conservative investment risk profile and favorable loss reserve development.”
CSE Insurance Group provides property and casualty insurance for teachers and other educators, firefighters, law enforcement personnel, and other government and civil service employees. Products are sold through independent insurance agents in California, Arizona, Nevada, and Utah.
Source: CSE
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