A.M. Best Awards HSB Group Its Highest Rating.HARTFORD, Conn. -- A.M. Best Company, the world's oldest and most authoritative insurance rating agency, has awarded the HSB (Hue Saturation Brightness) A color space that is similar to the way an artist mixes colors by adding black and white to pure pigments. The pigments are the hues (H), measured in a circle from 0 to 359 degrees (0=red, 60=yellow, 120=green, 180=cyan, 240=blue, Group of companies its highest financial strength rating, A++ (Superior). The A++ rating applies to The Hartford Steam Boiler boiler, device for generating steam. It consists of two principal parts: the furnace, which provides heat, usually by burning a fuel, and the boiler proper, a device in which the heat changes water into steam. Inspection and Insurance Company, The Hartford Steam Boiler Inspection and Insurance Company of Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). , HSB Engineering Insurance Limited of the United Kingdom and The Boiler Inspection and Insurance Company of Canada. In its rating A.M. Best cited, "the rating reflects surplus that surpasses the minimum that is required for the rating level, historically outstanding operating results and sustainable competitive advantages derived from the group's preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae technical expertise, extensive loss control capabilities and database." "A.M. Best's evaluation of HSB demonstrates our financial strength, ability to honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. our commitments and create value for our clients," said Richard Booth, president and chief executive officer for HSB. "Our customers count on HSB for strength and security, outstanding service and strategies that make specialty insurance and loss prevention easier to access and more affordable for businesses and consumers." Only two percent of the U.S. property-casualty insurance groups rated by A.M. Best currently hold the prestigious A++ rating. A.M. Best's financial strength rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance and business profile. The Hartford Steam Boiler Inspection and Insurance Company is a global specialty insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. and reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. . One of the world's leading equipment breakdown insurers, Hartford Steam Boiler helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies and loss reduction services. For more information about Hartford Steam Boiler visit its website at www.hsb.com. |
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