Hastings Mutual Insurance Co. has earned a Financial Stability Rating (FSR) of A”, Unsurpassed, from the rating organization Demotech, Inc.
According to Demotech, this level of FSR is assigned to insurers with unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.
Hastings Mutual is a regional property/casualty insurance carrier operating in five Midwestern states. The company, based in Hastings, Michigan, has been writing commercial, farm, and personal lines business through independent agents since 1885.
Sources: Hastings Mutual
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