SALT LAKE CITY--(BUSINESS WIRE)--Insurance credit rating agency A.M. Best has upgraded the Financial Strength Rating (FSR) of UMIA, one of the leading medical professional liability organizations in the Mountain States, to A (Excellent) from A- (Excellent). A.M. Best also upgraded the company’s Long-Term Issuer Credit Rating (Long-Term ICR) to “A” from “A-.”
“The upgrade of UMIA’s credit rating reflects the hard work of the UMIA team and the company’s strong financial performance,” said Julie Stafford, president of UMIA. “As a provider-owned company, we strive to manage our enterprise responsibly for the benefit of our policyholders. The A.M. Best rating upgrade speaks to our past stewardship and strengthens our position for future success.”
In addition, A.M. Best affirmed the A (Excellent) credit rating of UMIA sister companies MMIC, the largest medical professional insurance organization in the Midwest, and Arkansas Mutual Insurance Company, the leading provider of medical professional insurance in Arkansas. UMIA, Arkansas Mutual and MMIC are part of Constellation, a Minneapolis-based holding company of policyholder-owned insurers and other organizations providing medical liability insurance and services that support physicians and other health care providers.
A.M. Best is recognized as the world’s oldest and most authoritative insurance rating and information source.
UMIA Insurance, Inc., is a provider-owned company offering medical liability insurance and risk solutions in Idaho, Montana, Utah and Wyoming. Founded in 1978, UMIA joined the Constellation family of companies in 2013. Learn more at UMIA.com.