A.M. Best Affirms A- Excellent Rating for Majestic Insurance Company; Profitable Operating Results Over the Last Five-Year Period Play Key Role in Decision.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--May 18, 2004 A.M. Best Company, the most authoritative source of insurance company ratings and information, has affirmed the A- (Excellent) rating for Majestic Insurance Company, a San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , California-based workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. insurance carrier. This rating category is assigned to companies that have, on balance, excellent financial strength, operating performance and market profile when compared to the standards established by the A.M. Best Company. The Company's Financial Size Category is Class VI. A.M. Best's Rating Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. Rationale: "The rating reflects Majestic Insurance Company's profitable operating results over the last five-year period, improved underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. fundamentals and the Company's expertise within its specialty workers' compensation insurance product offering." "We are pleased that A.M. Best Company has, for the tenth consecutive year, recognized our exceptional performance in the workers' compensation marketplace. Our success is the result of the efforts of our dedicated employees who are committed to superior performance in Claims Administration and Risk Management and to the professional insurance brokers who represent us," said John L. Sullivan For the U.S. Secretary of the Navy, see John L. Sullivan (U.S. Navy). For others, see John Sullivan (disambiguation). John Lawrence Sullivan (October 15 1858 – February 2 1918) was recognized as a Heavyweight Champion of Boxing from February 7 1882 to 1892. , President. Majestic Insurance Company is a leading specialist in State and USL&H act workers' compensation insurance coverage. Majestic maintains strong long-term relationships with its policyholders and brokers offering tailored products and flexibility combined with excellent claims management and risk control services. The success of these partnerships enables Majestic to be recognized as one of the most capable providers of workers' compensation insurance in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . For more information call John Hernandez, Vice President Marketing, at 800.216.7770 ext. 9343. |
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