Electric Insurance’s ''A (Excellent)'' Rating Affirmed by A.M. Best

BEVERLY, Mass.--(BUSINESS WIRE)--Electric Insurance Company announced today that A.M. Best Company has affirmed its financial strength rating (FSR) of “A (Excellent)”. Electric Insurance is a national provider of auto, homeowners, condominium, and renters insurance. In addition, the company is a primary liability and worker’s compensation insurer for General Electric Company. A.M. Best is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors.

A.M. Best reiterated Electric Insurance’s "solid capitalization, sustained operating profitability, and valued-added commercial insurance services provided to GE” as the basis for the affirmed rating. Also noted were Electric Insurance’s customer service focus, low cost operating structure, e-commerce initiatives, and CAT management strategy.

“I am pleased that A.M. Best has again rated us A (Excellent),” said Marc Meiches, chief executive officer of Electric Insurance. “Their rating validates our financial ability to meet policyholder obligations and enables our customers, independent agents, and reinsurers to make educated decisions about the companies with which they choose to work.”

About Electric Insurance Company

Electric Insurance Company is a national, premier provider of personal lines insurance products offered at competitive rates and with outstanding customer service. The company has been serving consumers for 42 years, and has credit ratings of “A (Excellent)” from A.M. Best and “A/Strong” from Standard & Poor’s. 98% of Electric Insurance Company’s policyholders, who responded to the company’s 2007 satisfaction surveys and had a claim with the company, said they’d renew their policy with Electric Insurance Company based on their claim experience. Electric Insurance’s products are available to general consumers, and to GE employees, retirees, and their family and friends through the company’s Customer Contact Center at 1-800-227-2757, website www.electricinsurance.com, and through select independent agents.