LUBA Workers’ Comp Receives “A- Excellent” A.M. Best Rating for Thirteen Consecutive Years
Baton Rouge, La. (October 19, 2016) – A.M. Best has once again affirmed the “A- Excellent” rating for the financial strength of LUBA Workers’ Comp, a regional casualty insurance company. The company has been rated “A- Excellent” since LUBA’s first rating in 2003.
Earlier this year, LUBA’s CEO David Bondy and COO Mike DePaul were invited to sit down with A.M. Best to reflect on LUBA’s beginnings and the industry trends they’ve seen as the company has grown. “We started LUBA as a self-insurance fund and I’m told by the folks here at AM Best, we became the second or third fund ever to be rated,” said Bondy. “We were the only one to come out of the blocks with an A- rating, which we still carry today.”
Founded in 1889, A.M. Best is the world’s oldest and most authoritative insurance rating and information service. LUBA’s “A- Excellent” rating reflects its “solid risk-adjusted capitalization and resilient operating performance,” according to A.M. Best. “Despite difficult market conditions, LUBA has still outperformed its peers and the industry composite.”
To see David Bondy and Mike DePaul’s full interview with John Weber of A.M. Best TV, visit AM Best TV/ LUBA
About LUBA Workers’ Comp
Founded in 1991, LUBA Workers’ Comp is a casualty insurance company covering businesses in Louisiana, Mississippi, Texas, and Arkansas, through select, independent insurance agencies. Specializing in workers’ comp for over 25 years, LUBA Workers’ Comp strives to deliver Genuine Dependability with superior customer service and complete claims support. Learn more about the LUBA difference by visiting lubawc.com.