LEXINGTON, Ky. (March 29, 2012) — A.M. Best Company has again affirmed the A- (Excellent) financial stability rating for Kentucky Employers’ Mutual Insurance (KEMI).
According to A.M. Best, “The rating acknowledges the company’s prudent risk selection, diversified clientele, and application of effective loss control services, which have sustained earnings despite soft market conditions.” KEMI has maintained the A- (Excellent) rating since first becoming eligible for rating in 2001.
In addition, A.M. Best has returned KEMI to a negative outlook after several years of being classed as stable. Factors which led to this determination by A.M. Best are summarized in A.M. Best’s Rating & Analysis available fromwww.kemi.com.
We are extremely pleased that A.M. Best has affirmed KEMI’s A- (Excellent) rating,” said Roger Fries, KEMI’s President and CEO. “Given the workers’ compensation insurance market, we are not surprised that A.M. Best returned our outlook from stable to negative.”