Amerisafe Receives Financial Size Category Increase from A.M. Best

Deridder, La.-based Amerisafe, Inc., a specialty writer of high hazard workers’ compensation insurance, recently announced that A.M. Best Co. has increased the Financial Size Category (FSC) of the company to IX, which designates companies whose adjusted policyholder surplus totals between $250 million and $500 million.

Amerisafe was previously in FSC VIII, which designates companies with an adjusted policyholder surplus between $100 million and $250 million. The FSC increase applies to Amerisafe and its wholly owned insurance subsidiaries: American Interstate Insurance Company, Silver Oak Casualty, Inc. and American Interstate Insurance Company of Texas.

According to the company statement, Ameridafe’s Financial Strength Rating (FSR) remains at “A-” (Excellent) with a stable outlook. A.M. Best ratings are directed toward the concerns of policyholders and insurance agencies and are not intended for the protection of investors or as a recommendation to buy, hold or sell securities.

Amerisafe, Inc. is a specialty provider of workers’ compensation
insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging, agriculture, oil and gas, maritime and sawmills.

Source: Amerisafe, Inc.