• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

ClearPath Mutual’s Financial Strength Affirmed by AM Best

March 16, 2020 - WorkCompWire

Louisville, KY – ClearPath Mutual Insurance Company recently announced that AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-”. The outlook for both ratings is stable.

“We were told by AM Best that the A- rating is based on our consistency of positive results. This consistency comes from the efforts of everyone at ClearPath Mutual, and our valued agency partners.” said ClearPath Mutual Chief Executive Officer, Jeff Borkowski. “I’m very thankful and appreciative of what employees and agents have done in the past, and will do for us in the future. ClearPath Mutual’s strategic plan includes growth and expansion, and I look forward to our continued efforts of being the best WC partner for our agents, insureds, and claimants.”

The ratings reflect ClearPath Mutual’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. According to AM Best, ClearPath Mutual has generated an adequate level of operating performance, supported by favorable underwriting income and moderate investment returns in recent years. Underwriting results have benefited from favorable reserve development trends on prior accident years. Risk-management capabilities are considered appropriate for the risk profile of the company.

ClearPath Mutual Insurance Company began operations on January 1, 2018, and is domiciled in Louisville, KY. ClearPath Mutual is a monoline workers’ compensation insurance carrier with approximately 7,100 policyholders and nearly $50 million in premiums, making it one of the largest and most financially stable carriers in Kentucky. ClearPath Mutual is also licensed in Tennessee and Indiana. The company recently started writing workers’ compensation coverage in Tennesse, and plans to write workers’ compensation coverage in Indiana soon.

Source: ClearPath Mutual

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

MSQ

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023