BEST Affirms CIG's Leadership with A Rating in Insurance Sector Excellence
- CIG maintains an A (Excellent) Financial Strength Rating from AM Best for five consecutive years, reflecting robust financial health.
- CIG's Long-Term Issuer Credit Rating upgraded to a+ (Superior), indicating strong operational capabilities and stability.
- Recent AM Best recognition reinforces CIG's reputation as a reliable insurer committed to operational excellence and customer service.
CIG’s Continued Recognition Solidifies Its Position in the Insurance Sector
Capital Insurance Group® (CIG®) proudly maintains its status as a leader in financial health and operational excellence, recently affirmed by AM Best with a Financial Strength Rating (FSR) of A (Excellent) for the fifth consecutive year. This consistent rating reflects the company's robust balance sheet, which has demonstrated a sustained trend of profitability over the past five years. Alongside the FSR, CIG's Long-Term Issuer Credit Rating (ICR) has seen an upgrade to a+ (Superior), indicating a stable outlook that further underscores the company's operational prowess and commitment to risk management. These ratings not only serve as a validation of CIG's financial stability but also highlight its capability to navigate the complexities of the insurance landscape.
CIG’s President & CEO, Andy Doll, emphasizes that these accolades are a direct result of the company’s solid partnerships and the unwavering dedication of its employees. This collective effort positions CIG as a trusted carrier, poised to meet the evolving needs of its policyholders and agency partners well into the future. Despite facing underwriting challenges over the last decade, CIG has significantly enhanced its risk management and underwriting practices, improving its operating performance assessment from marginal to adequate. This evolution not only boosts confidence among stakeholders but also equips CIG to expand and refine its service offerings across various lines of business.
With over a century of experience since its establishment in 1898, CIG continues to provide tailored insurance solutions across the Western U.S., serving states such as Arizona, California, Nevada, Oregon, and Washington. The company specializes in Agriculture, Commercial, and Personal lines, known for its superior customer service and customizable coverage options. The recent recognition from AM Best not only affirms CIG’s commitment to excellence but also reinforces its reputation as a reliable insurer in a competitive market, ensuring that it remains a valuable partner for its clients and agents as it looks ahead to 2025 and beyond.
In addition to its financial ratings, CIG's ongoing focus on enhancing its service capabilities is crucial in a landscape marked by increasing demands for personalized insurance solutions. The company’s commitment to operational excellence and risk management positions it favorably in an industry that is continually evolving.
As CIG navigates the future, its emphasis on strong partnerships and employee dedication will be essential in maintaining its competitive edge and fulfilling its mission of providing trusted insurance solutions.