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AM Best Updates Outlooks to Positive for Chesapeake Employers’ Insurance Company

07 May, 2019 WorkersCompensation.com

                               

Towson, MD (WorkersCompensation.com) - Chesapeake Employers’ Insurance Company is pleasedto announce that AM Best has revised thecompany’sfinancial outlooks to positive from stable. AM Best alsoaffirmed Chesapeake Employers’financial strength rating of A-(Excellent) and the long-term issuer credit rating of “a-”for the company.AM Beststated that the credit ratings reflect Chesapeake Employers’ strong balance sheet, which AM Best categorizes as strongest.

AM Best also cites Chesapeake Employers’ adequate operating performance, limited business profile, and appropriate enterprise risk management (ERM). The rating firm also said that it expects Chesapeake Employers’ balance sheet to remain in the strongest category.

About Chesapeake EmployersChesapeake
Employers’ Insurance Company is Maryland’s largest writer of workers’ compensation insurance. It is a nonprofit, non-stock, private corporation. Chesapeake Employers has served as a continuous, guaranteed source for fairly priced workers’ compensation insurance since 1914.

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