Vanliner Insurance Company Receives A.M. Best Co. Excellent Rating
September 29, 2006 (PRLEAP.COM) Business News
Vanliner Insurance Company, a leading insurer of the moving and storage industry, has been recognized with an “A- (excellent)” rating from A.M. Best Co., the world’s oldest and most authoritative source of insurance company ratings and information. The announcement was made by Gale Preston, president of Vanliner.According to a statement from Best, factors contributing to Vanliner’s rating included the company’s level of capitalization, operating performance, underwriting discipline, low expense structure, and specialty product knowledge. Best also cited Vanliner’s marketing strategy, improved loss control measures, and operating efficiencies realized through investments in technology.
The A- Excellent rating is assigned to companies that have, in A.M Best’s opinion, an excellent ability to meet their ongoing obligations to their policyholders. The rating also indicates that Vanliner continues to experience stable financial/market trends.
"Vanliner consistently works toward maintaining the lead position in providing insurance to movers. Achievement of the ‘excellent’ rating from Best is a tribute to the professionalism of our entire staff,” said Preston. “It also reflects our ongoing effort to provide innovative, top-quality service to our customers.”
Founded in 1899, A.M. Best offers comprehensive data to insurance professionals. Its Best’s Ratings are the industry’s standard measure of insurer financial performance.
Vanliner Insurance Company, with headquarters in Fenton, Mo., is a subsidiary of UniGroup, Inc., a major transportation and relocation services provider.