LUBA Workers’ Comp rated “A- Excellent” by A.M. Best Company for the sixteenth consecutive year
Baton Rouge, La. (January 7, 2020) – LUBA Workers’ Comp, a regional casualty insurance company insuring businesses in Louisiana, Mississippi, Arkansas, Texas, and Oklahoma recently received an “A- Excellent” rating with a stable outlook from A.M. Best Company for the sixteenth consecutive year.
LUBA’s A- Excellent rating demonstrates its financial strength, strong operating performance, sound claims handling practices and long-term stability. The company has been rated “A- Excellent” since 2003, proving its long-standing position as a trusted insurance carrier in the marketplace. LUBA is the second largest writer of workers’ comp in Louisiana, the fourth largest in Mississippi, and continues to expand its footprint across the region.
“We are proud to have carried our strong rating for 16 years even despite difficult market conditions,” said Mike DePaul, COO of LUBA Workers’ Comp. “This reinforces LUBA’s dedication to genuine dependability, sound business practices, and superior customer service.”
As the world’s oldest and most authoritative rating agency, A.M. Best’s Credit Ratings are benchmarks for assessing an insurer’s financial strength, as well as the credit quality of its obligations. Ratings are based on four primary factors: balance sheet strength, operating performance, business profile, and enterprise risk management (ERM).