SOURCE: Hastings Mutual Insurance Company

Hastings Mutual Insurance Company

December 23, 2010 15:02 ET

A+ Rating Awarded to Hastings Mutual Insurance Company From A.M. Best

Superior Capitalization Identified as Key Contribution

HASTINGS, MI--(Marketwire - December 23, 2010) - Hastings Mutual Insurance Company was again honored with an A+ (Stable) financial strength rating from A.M. Best Company. This top ranking is based on an independent evaluation by A.M. Best of the qualitative and quantitative strength of Hastings Mutual's balance sheet. This rating comes during the company's 125th anniversary celebration and highlights the strength and stability of this well-established carrier.

A.M. Best's comprehensive review also considers other factors regarding the financial health of an organization. Hastings Mutual received high marks on areas such as overall performance, business profile, operating fundamentals and business relationships. Through exceptional agency partnerships, Hastings Mutual has been able to build its presence in new geographic locations and maintain market share in existing territories.

"The agency connection is crucial," says Bill Wallace, President and CEO of Hastings Mutual. "Through our agent network, we have been able to offer unparalleled service. This rating helps us to maintain these critical partnerships and together, build a stronger future."

A.M. Best is one of the most respected rating organizations. Now a global full-service agency, they have served the insurance industry for more than 100 years. Hastings Mutual is proud to have earned A.M. Best's A+ rating and attributes this accomplishment to their employees, partners and community. Learn more about Hastings Mutual Insurance Company at www.hastingsmutual.com.

About Hastings Mutual Insurance Company

Hastings Mutual is an award winning, A. M. Best: A+ rated, Weiss Ratings "A+ Excellent", regional Property Casualty insurance company. Hastings Mutual operates in six Midwestern states. The company, based in Hastings, Michigan, has been writing commercial, farm, and personal lines business through independent agents since 1885. For more information about Hastings Mutual and their 125th anniversary, access the company web site: www.hastingsmutual.com.

Contact Information

  • Contact:
    Kelly Gmazel
    Hastings Mutual Insurance Company
    404 E. Woodlawn Ave.
    Hastings, MI 49058
    Phone: (269) 948-1878
    Email address: Email Contact