{"id":24337,"date":"2025-10-31T15:44:52","date_gmt":"2025-10-31T15:44:52","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=845972"},"modified":"2025-10-31T15:44:52","modified_gmt":"2025-10-31T15:44:52","slug":"am-best-keeps-credit-ratings-of-nasw-insurance-co-under-review","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/10\/31\/am-best-keeps-credit-ratings-of-nasw-insurance-co-under-review\/","title":{"rendered":"AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review"},"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\/east\/2025\/10\/31\/845972.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/east\/2025\/10\/31\/845972.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washington, D.C.<\/p>\n<p>AM Best said the credit ratings reflect NASWIC\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its strong 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>The status is under review with negative implications, according to AM Best, based on the \u201cuncertainty regarding NASWIC\u2019s prospective business plans to operate on a stand-alone basis\u201d due to its separation from Preferra Insurance Company Risk Retention Group in 2024.<\/p>\n<p>Prior to 2024, NASWIC provided reinsurance for Preferra RRG. Also, NASWIC\u2019s parent, NASW Assurance Services Inc. (ASI), a subsidiary of the National Association of Social Workers (NASW), provided administrative and marketing services to Preferra.<\/p>\n<p>However, the two entities became involved in litigation. In August the parties announced they had <a href=\"https:\/\/naswassurance.org\/category\/news-updates\/\">settled<\/a> their lawsuits and agreed to go their separate ways. No terms were disclosed.<\/p>\n<p>The extension of the under review with negative implications status reflects the additional time needed for NASWIC\u2019s management to form a new risk retention group, AM Best said, noting that the RRG effort has faced delays due to the litigation and settlement processes.<\/p>\n<p>AM Best said NASWIC\u2019s management is engaged with the District of Columbia regulators on the RRG application. In addition, NASWIC\u2019s marketing campaign to increase production through its affinity partnership with Hartford is currently underway.<\/p>\n<p>Preferra continues to operate as an insurance company serving social workers with new reinsurance agreements.<\/p>\n<p>AM Best said its ratings for NASWIC will remain under review with negative implications until it evaluates the ratings of the company on a stand-alone basis.<\/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=\"845972\">\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 maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of \u201ca-\u201d (Excellent) of NASW Insurance&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24338,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[19,1732,1,1733,1734],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/10\/am-best-keeps-credit-ratings-of-nasw-insurance-co-under-review.png","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24337"}],"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=24337"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/24338"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}