Workmen’s Auto Insurance Company, a writer of California homeowners insurance, has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc.
This level of FSR is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.
Workmen’s Auto Insurance Company has been in business since 1949 and is also a writer of non-standard automobile insurance.
In 2000 Workmen’s Auto expanded its product offerings to include the Homeowners product line as it diversified its business. The Homeowners product line has reportedly grown significantly and profitably over the last five years with a strong focus on underwriting and quality risk selection by the company’s appointed professional independent agents and brokers.
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