Amalgamated life recognized among nation's top performing insurance companies.
Life Insurance Company, a leading provider of life and health insurance has been named to the 2013 "Ward's 50" group of the top performing companies. The Ward Group (Cincinnati, OH) is the trusted leader of benchmarking and best practices services for the insurance industry. The firm analyzes staff levels, business practices and expenses for all areas of insurance operations to help insurance companies measure their results, optimize performance and be more profitable. This is Amalgamated Life's, third consecutive year on the "Ward's 50 list.
According to Ward Group President Jeffrey J. Rieder, "Based on our annual analysis of the life-health industry, Amalgamated Life Insurance Company is recognized for achieving outstanding financial results in the areas of safety, consistency and performance over a five year period (2008-2012). This is our 23rd consecutive year for conducting the analysis."
Amalgamated Life President and CEO David Walsh commented, "I am very proud of our company's consistently high performance as attested to by this latest honor and other third-party designations confirming our performance in key operational areas. From our inception 70 years ago, Amalgamated Life has lived by a mission to serve working people with the best insurance products and equally important, the highest standards of service quality."
In addition to the "Ward's 50" honor, this year, Amalgamated Life earned its 38th consecutive A.M. Best "A" (Excellent) rating attesting to its financially strong condition and excellent claims-paying ability, and was named to BenchmarkPortal's 2013 Top 20 Call Centers in North America in the small-sized centers category.
Since its inception in 1943, Amalgamated Life has developed an excellent portfolio featuring group life insurance products ranging from basic coverage, to accidental death and dismemberment, dependent life, retiree life and group term life. The Company offers long- and short-term disability insurance, a suite of voluntary insurance products, and medical stop loss insurance.