A.M. Best Assigns Financial Performance Rating to RTW, Inc. Subsidiary.MINNEAPOLIS--(BUSINESS WIRE)--Nov. 6, 1995--A Subsidiary of RTW, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RTWI RTWI Return to Work Initiative ) has been assigned its first Financial Performance Rating (FPR) by A.M. Best, the insurance industry's rating service. The subsidiary, American Compensation Insurance Company (ACIC ACIC Arkansas Crime Information Center ACIC Aeronautical Chart and Information Center (military aviation support organization) ACIC Association of California Insurance Companies (Sacramento, CA) ), has received a "secure-category, above-average" rating of six, out of a possible nine. Best's Financial Performance Rating is the first phase of a two-phase rating system. The FPR addresses the growing demand for A.M. Best's opinion of the financial strength and operating performance of property/casualty and life/health companies. The letter rating system, which is the second phase, is the primary rating system and the one most widely recognized in the industry. A.M. Best anticipates assigning its initial letter rating to ACIC in the fall of 1996. "Best has indicated to us that the rating outlook is positive for ACIC," said David C. Prosser, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman. "By insurance industry standards, ACIC is a relatively young company, so we are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the positive report given us by Best." RTW, Inc., based in Minneapolis, provides comprehensive products and services to employers for their workers' compensation programs. The company's proprietary RTW SOLUTION(TM) focuses on controlling costs by returning injured employees to work as soon as possible and by actively managing all participants in the workers' compensation system. RTW, Inc. combines its managed care services with workers' compensation insurance products underwritten by its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , American Compensation Insurance Company (ACIC). CONTACT: RTW, Inc. Alfred L. LaTendresse 612/893-0403 or Ketchum Metz McCauley, Inc. Perry Ketchum 612/349-2727 |
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