SOURCE: Plymouth Rock Assurance

Plymouth Rock Assurance

June 01, 2011 09:37 ET

Plymouth Rock Assurance Group Secures "Excellent" Rating From A.M. Best

Strong Capital Management Strategy and Level of Risk-Adjusted Capitalization Translate Into A- (Excellent) Rating

BOSTON, MA--(Marketwire - Jun 1, 2011) - Plymouth Rock Assurance Group today announced that its financial strength rating of A- ("Excellent") has been affirmed by A.M. Best Company, Inc., the most authoritative insurance rating and information source. The rating -- issued along with A.M. Best's revised outlook of "Stable" for Plymouth Rock Assurance Group -- reflects the insurance leader's strong capital management and risk-adjusted capitalization strategies. Plymouth Rock Assurance Corporation, a member of the group, was specifically cited by A.M. Best for its strong performance despite increased regulatory and competitive pressures, in addition to the challenging economy.

A.M. Best uses a custom methodology to provide a comprehensive explanation of its rating process and to highlight the different rating criteria employed. A.M. Best found that over the last three years Plymouth Rock Assurance Group enhanced its pricing segmentation model to refine pricing on risk to meet its underwriting requirements, while significantly improving claims handling processes and procedures that increased customer satisfaction and reduced costs.

"Our securing an Excellent rating from A.M. Best sends the strongest signal possible to the market that we continue to drive unparalleled customer and agent satisfaction levels while simultaneously honing our longer term financial management strategy," said Chris Olie, CEO and President of Plymouth Rock Assurance Corporation. "Our financial strength is the foundation on which we will continue to build long-term and mutually rewarding relationships with our customers and our independent agents."

The A.M. Best A- rating for the Plymouth Rock Assurance Group includes the following Plymouth Rock companies: Plymouth Rock Assurance Corporation, Pilgrim Insurance Company, Plymouth Rock Assurance Casualty Company, and Mt. Washington Assurance Corporation.

About Plymouth Rock Assurance Corporation
Headquartered in Boston, Massachusetts, Plymouth Rock Assurance Corporation (plymouthrock.com) is the flagship carrier of The Plymouth Rock group of companies, which together write and manage over $1 billion in auto and homeowner's insurance throughout the Northeast. Plymouth Rock's industry-leading service innovations include its Savings Pass, an exclusive, first-of-its-kind program of hundreds of dollars in retail discounts; its Crashbusters® vans, the nation's first complete mobile automobile claim service; its Door to Door Valet Claim Service(SM) that offers vehicle pick-up, delivery and guaranteed auto repairs; and its True Service® Pledge, an industry-leading written commitment to service excellence. Plymouth Rock auto insurance policies can be purchased through independent agents in Massachusetts and Connecticut. To find an independent agent near you who represents Plymouth Rock, visit www.plymouthrock.com.

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