Printer Friendly

RLI AWARDED UPGRADED RATING FROM A.M. BEST COMPANY; RLI INSURANCE SUBSIDIARY GAINS 'A' FROM RATING SERVICE

 RLI AWARDED UPGRADED RATING FROM A.M. BEST COMPANY;
 RLI INSURANCE SUBSIDIARY GAINS 'A' FROM RATING SERVICE
 PEORIA, Ill., June 11 /PRNewswire/ -- RLI Corp. (NYSE: RLI), a Peoria based specialty property and casualty insurance company, announced today that its primary insurance subsidiary, RLI Insurance Company, has received an "A" - VII (Excellent) rating from the A.M. Best Company. A.M. Best also reaffirmed the "A-" - VI (Excellent) rating for Mt. Hawley Insurance Company, the company's excess and surplus lines subsidiary. These evaluations are reflective of the company's strong financial and market position.
 "The A.M. Best Company does an exceedingly careful job of reviewing insurers," said Gerald D. Stephens, chief executive officer of RLI. "While we have always taken great pride in our excellent financial strength, we are pleased to have our performance affirmed by this leading insurance rating company."
 According to A.M. Best Company, "A" or "A-" ratings are assigned to "those companies which in our opinion have achieved excellent overall performance when compared to the norms of the property/casualty industry. These insurers have shown a strong ability to meet their policyholder and other contractual obligations."
 "With this, our second rating improvement in the last three years, RLI underwriters will be able to select risks from a broader segment of the market, and RLI's brokers will be able to offer RLI's insurance products to new clients," said Stephens.
 RLI Corp. underwrites selected property and casualty insurance products, and markets practice automation systems, contact lenses and related products to the ophthalmic industry.
 -0- 6/11/92
 /CONTACT: James E. Zogby, treasurer of RLI, 309-693-5880/
 (RLI) CO: RLI Insurance Company; Mt. Hawley Insurance Company ST: Illinois IN: INS SU: RTG


GK-LR -- NY045 -- 9209 06/11/92 11:40 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 11, 1992
Words:290
Previous Article:CANTEL INDUSTRIES ANNOUNCES RESULTS OF OPERATIONS FOR THE QUARTER AND NINE MONTHS ENDED APRIL 30, 1992
Next Article:SAUDI ARABIA'S PRINCE BANDAR BIN SULTAN VISITS RAYTHEON PATRIOT PLANT
Topics:


Related Articles
RLI SUBSIDIARY AWARDED UPGRADED RATING FROM A.M. BEST COMPANY; MT. HAWLEY INSURANCE COMPANY NOW RATED "A"
RLI CORP.: SECOND QUARTER EARNINGS INCREASE 11 PERCENT FROM SAME PERIOD IN 1992
RLI CORP. ANNOUNCED SECOND QUARTER EARNINGS INCREASE 18% FROM SAME PERIOD IN 1993
RLI'S 'A' RATING REAFFIRMED BY A.M. BEST
RLI Pioneers a $50M Alternative Catastrophe Financing Program
RLI's 'A' Rating Reaffirmed by A.M. Best
RLI Year Starts on Record Note
RLI's 'A' Ratings Confirmed by A.M. Best.
RLI Group Rating Upgraded to A+ by A. M. Best.
RLI Earns Upgraded Moody's Rating.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters