{"id":23229,"date":"2025-03-10T16:50:14","date_gmt":"2025-03-10T16:50:14","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=815015"},"modified":"2025-03-10T16:50:14","modified_gmt":"2025-03-10T16:50:14","slug":"am-best-assigns-excellent-rating-to-mem","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/03\/10\/am-best-assigns-excellent-rating-to-mem\/","title":{"rendered":"AM Best Assigns Excellent Rating to MEM"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/img\/social\/opengraph\/ij-social-default-1200x630.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/midwest\/2025\/03\/10\/815015.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/midwest\/2025\/03\/10\/815015.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned to these Credit Ratings (ratings) is stable. Collectively, these companies are referred to as Underwriting Entities. All companies are domiciled in Columbia, Missouri, unless otherwise specified and have an intercompany pooling agreement with MEM Mutual Insurance Company (formerly Missouri Employers Mutual and Previsor) and are reinsured affiliates of MEM Mutual Insurance Group.<\/p>\n<p>The ratings reflect the balance sheet strength of MEM, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>MEM specializes in workers\u2019 compensation insurance, particularly within the Midwest region. The Underwriting Entities are strategically important to the Group as MEM Protect, MEM Shield and MEM Secure were established as part of MEM\u2019s ongoing strategic initiative, which transition from a public state-sponsored mutual insurance company to a private one, effective Jan. 1, 2025. Previsor has been a wholly owned subsidiary of MEM since its purchase in 2011. The transition will allow MEM to better serve its customers, as well as expand geographically and streamline operations. The Underwriting Entities will benefit from a 100% internal reinsurance agreement and from shared common management and operational capabilities with MEM.<\/p>\n<p><em>Source: AM Best<\/em><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/company\/ambest\/\" class=\"btn btn-sm btn-primary tagtag\">AM Best<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"815015\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>The most important insurance news,in your inbox every business day.<\/h4>\n<p>Get the insurance industry&#8217;s trusted newsletter<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of \u201ca-\u201d (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":23230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[961,1354,13,1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/03\/am-best-assigns-excellent-rating-to-mem.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23229"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=23229"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/23230"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=23229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=23229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=23229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}