Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

AMERIND Receives an 'A-' Rating from AM Best

The AM Best ‘A-’ rating ranks AMERIND in the Excellent Category of US Insurance Companies

 


Santa Ana Pueblo, N.M. – AMERIND is a 34-year-old Tribal company that has provided Indian Country with a number of “firsts” over the course of its proud history. Now AMERIND does it again.

AMERIND has been awarded an A- (Excellent) rating on the AM Best Financial Strength Rating (FSR) Scale. An A- rating is assigned only to insurance companies that have an Excellent ability to meet ongoing insurance obligations. The AM Best Company rating process is an overall financial management evaluation process for insurance companies and is the industry standard in the United States. Voluntary participation in the AM Best rating process provides insurance companies and their policyholders a measure of the organization’s financial health.

“This is the first time AMERIND has requested an evaluation by the AM Best Company – a highly respected, credit rating agency that focuses on the insurance industry – and we are very pleased with the results,” said Derek Valdo, AMERIND’s Chief Executive Officer (Pueblo of Acoma). “This rating is an indication of our solid overall financial strength and our ability to meet ongoing insurance policy and contract obligations.”

“AM Best determined this rating by evaluating the strength of our balance sheet, as well as our operating performance, business profile, and enterprise-wide risk management. The A- rating is defined as an Excellent rating on the AM Best scale, and it is important to AMERIND policyholders because it signals that our business practices are sound, and our company is financially very strong,” Valdo said.

The complete AM Best news release is available at http://www.ambest.com/press. [hotlink to AM Best release]

AMERIND creates affordable, sustainable insurance products and services for Indian Country. Founded in 1986, it is the only 100 percent Tribally owned and operated insurance company. AMERIND is known as a longtime leader in Tribal housing coverage for Tribes, and over the past fifteen years has grown strong comprehensive commercial coverages for Tribal Nations. Giving back to Indian Tribes is one of AMERIND’s top priorities. Please contact AMERIND today to learn more.

 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 06/15/2020 11:49