• 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

HEMIC Rated A (Excellent) with Stable Outlook by A.M. Best

September 4, 2020 - WorkCompWire

Honolulu, HI – A.M. Best Co. has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Stable) for Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC), the largest provider of workers’ compensation insurance in Hawai`i.

HEMIC has maintained an A rating from A.M Best every year since they were first rated in 2007.

Said Martin J. Welch, Chief Executive Officer of HEMIC, “A.M. Best’s affirmation of our rating is a validation of HEMIC’s financial strength and commitment to Hawai`i’s businesses and workers. From our inception, HEMIC has focused on ensuring stability to weather crises, natural or economic, so that we will always be here for Hawai`i.”

The rating rationale by A.M. Best refers to HEMIC’s conservative capitalization, investment performance, operating performance, rate structure, safety credit program and risk management.

Jason Yoshimi, HEMIC’s President and CFO, said, “The pandemic has illustrated that our conservative approach and diversified strategy for capital management is one that will sustain us during times of unexpected and significant financial stress. We are steadfast in fulfilling our commitment to our policyholders and their workers.”

Source: HEMIC

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