JERICHO, NY, August 28, 2010 (Press-News.org) TSC Direct, New York City auto insurance company is proud to announce they have received an excellent credit rating from the A.M. Best Credit Rating service
A.M. Best has recently declared TSC Direct to be stable, with an A- strength rating. This rating, which acts as a gauge of a company's ability to meet policy and contract obligations, is a vote of confidence. Best's issuer credit rating, also graded at an A-, reflects TSC's ability to meet financial obligations on a continual basis. These ratings represent an improved rating for the Jericho, New York, insurance company.
A.M. Best Company is a rating service, founded in 1899. They serve the health care and financial industries with ratings of hospitals, health care systems, banks and insurance companies. More information concerning the methods and rating process can be found at their website.
Tri-State's increase in ratings is likely due to their continued profitable operations, even in a tough economy, and an improved capitalization of risk adjustment. TSC Direct has achieved the Excellent rating though net investment income is steady and underwriting results have been favorable. With the solid local market knowledge gained by operating in New York state since its beginnings, a conservative strategy of operations, and underwriting leverage.
While expertise in a local market is a strength in one aspect, it also increases risk. Weather events can cause high claims for a company such as TSC, whose business is all in New York state. The market competition is also heavy in the metropolitan area. However, TSC has mitigated these risks with expense cutting and with the foresight to invest in catastrophe reinsurance. Thus, Tri-State's total underwriting expenses have decreased over the past several years.
TSC Direct, Tri-State Consumer Insurance, has been offering the lowest rates to safe drivers in the metro New York area since 1982.
Website: http://www.tscinsurance.com/
TSC Direct Insurance Receives Excellent Credit Rating
TSC Direct, New York City auto insurance company is proud to announce they have received an excellent credit rating from the A.M. Best Credit Rating service.
2010-08-28
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[Press-News.org] TSC Direct Insurance Receives Excellent Credit RatingTSC Direct, New York City auto insurance company is proud to announce they have received an excellent credit rating from the A.M. Best Credit Rating service.