Louisiana Retailers Mutual Insurance Company, a workers’ compensation insurance provider, announced it has been upgraded to an “A-” (Excellent) rating by A.M. Best Company.
The company said the rating upgrade reflects Louisiana Retailers Mutual Insurance Company’s solid capitalization, sound operating performance, conservative investment portfolio and strong policyholder retention. The rating also recognizes the company’s well-established presence in its niche market and the stability of its operations over many years.
These positive rating factors are the result of Louisiana Retailers Mutual’s strong safety and loss control standards, as well as strict underwriting control, according to the company. Louisiana Retailers Mutual stringently reviews each risk and limits losses by encouraging a safe working environment and proactively managing claims.
Louisiana Retailers Mutual Insurance Company is managed by Summit Consulting Inc. of Louisiana, based in Baton Rouge.
Source: Louisiana Mutual Insurance Company
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