A.M. Best Affirms “A- Excellent” Rating for LUBA

BATON ROUGE, La. – A.M. Best Co., the world’s leading insurance rating service, has again affirmed an “A- Excellent” rating for the financial strength of LUBA Workers’ Comp. This is the twelfth consecutive year that LUBA has earned this designation.

Founded in 1889, A.M. Best is the world’s oldest and most authoritative insurance rating and information service. One of its highest ratings available,    “A- Excellent” reflects LUBA’s solid performance and financial stability.

“LUBA has historically exhibited disciplined underwriting and a focus on risk management with excellent operating results, strong operating cash flows and good liquidity,” said Peter Dickey, assistant vice president of A.M. Best Company. “Despite the difficult market conditions LUBA has still outperformed its peers and the industry composite.”

“A.M. Best has renewed LUBA’s Excellent rating year after year providing our policyholders and our agents with stability and the confidence to continue their support of LUBA,” said LUBA Chief Operating Officer Mike DePaul.
 
LUBA covers more than 155,000 employees through 4,500 policyholders that generate approximately $80 million in written premiums. 

Based in Baton Rouge, La., LUBA Workers’ Comp provides coverage in Louisiana, Mississippi, Arkansas and Texas through select, local independent insurance agencies. Specializing in workers’ comp for over two decades, LUBA offers superior service and complete claims support. For more information, visit www.lubawc.com.