“I am pleased to report that A.M. Best has affirmed MLM’s strong financial rating of A-.” said Paul Ablan, President and CEO of MLM. “2017 marks our 35th year in business and this ensures our customers that MLM is financially stable and well positioned to serve them now and in the future.” The ratings are the result of a quantitative and qualitative analysis of balance sheet strength, operating performance, and business profile by A.M. Best, the insurance industry’s leading rating company.
According to Best, this rating is assigned to insurance companies that have, in the opinion of Best, an excellent ability to meet their ongoing insurance obligations. “I attribute MLM’s ability to sustain our Excellent ratings in this extremely competitive market to our commitment to our insureds and to our organization’s mission,” Ablan continued. “Staying true to our mission has allowed us to price our product fairly in a manner commensurate with the risk we bear and to return dividends consistently to our policyholders.”
About Minnesota Lawyers Mutual Insurance Company
Founded in 1982 by members of the Minnesota State Bar, Minnesota Lawyers Mutual Insurance Company provides lawyers’ professional liability insurance and risk management services to its policyholders in 15 states. MLM is committed to being an efficient, accountable and permanent practice management resource to the legal profession, exemplified by an AM Best rating of “A-” (excellent), and consecutive annual dividend payments since 1988.