AM Best recently upgraded Frank Winston Crum Insurance’s (FWCI) outlook determination from “Stable” to “Positive," an indication of confidence in the company’s future stability.

AM Best, a worldwide authority, rates insurance companies on their financial strength, ability to pay claims, and the credit quality of their obligations. Its objective rating scale, ranging from A+ to D, is based on various factors such as balance sheet strength, operating performance, business profile, and enterprise risk management (ERM).

In addition to a financial rating, AM Best may also issue an outlook determination of “Positive,” “Negative,” or “Stable” to indicate a company’s likely performance over the next 36 months. A company that meets or exceeds a “Positive” outlook prediction has a good possibility of improving its financial strength rating.

“I’m proud of our AM Best B++ rating,” says FWCI President Matt Crum, “but a sustained A rating is certainly our end game. The ‘Positive’ outlook determination we received shows that we are moving in the right direction and AM Best is noticing. We’re committed to excellence, and we will continue to work to ensure that our rating reflects that.”

The upgrade in outlook by AM Best is a testament to FWCI's robust financial health and strategic initiatives aimed at strengthening its market position. It also enhances the company's reputation and instills greater confidence among policyholders and agents. FWCI’s proactive measures in risk management and its continuous efforts to optimize business operations contribute significantly to its positive trajectory.

FWCI is a commercial insurance carrier specializing in providing reliable and affordable workers’ compensation and general liability coverage through an exclusive network of agents. The company’s focus on delivering high-quality insurance solutions tailored to the needs of businesses highlights its role as a trusted partner in the commercial insurance market.

As FWCI continues to grow and evolve, the company remains focused on achieving higher standards of excellence and securing an even stronger financial rating in the future. For more information on FWCI’s insurance solutions and to learn how their coverage can benefit your business, click here.