On October 6th the premier insurance rating agency, AM Best, announced its upgrade of ALPS Property & Casualty Insurance Company’s Financial Strength Rating from an A- to an A.
With a well-diversified geographic footprint, a continued investment in technology to reduce friction in the customer application and purchasing processes and a strong balance sheet, ALPS is in a solid position among carriers in its space.
“When the de facto regulator of insurer solvency (AM Best) moves a carrier from A- to A, it’s a pretty big deal,” remarked ALPS CEO David Bell.
For ALPS policyholders, the Best rating upgrade provides continued peace of mind regarding their carrier. “The public recognition of our financial strength is important to our insured law firms. Combined with our commitment to technology and resources that make our customers’ job easier, the A rating reaffirms that ALPS is the legal malpractice insurance carrier of choice,” said Bell.
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Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. Policyholders refer to Best’s ratings and analysis as a means of assessing the financial strength and creditworthiness of risk-bearing entities and investment vehicles. Read the full press release from AM Best.
ALPS is legal malpractice insurance made easy. Founded by lawyers for lawyers in 1988, ALPS is the nation’s largest direct writer of lawyers’ malpractice insurance and is endorsed by more state bars than any other carrier.
Before succumbing to the seven-year itch of ad agency life, Laura Churchman cut her teeth as a copywriter at Callahan Creek Marketing and Advertising in Lawrence, Kansas and Spiker Communications in Missoula, Montana. Starting in 2007, Laura worked as a Technical Writer at the University of Montana, providing technical support to the Montana Tobacco Use Prevention Program and the Forest Service Northern Region University. In tandem, she pounded the pavement as a freelance marketing and advertising copywriter. In fact, ALPS was one of her freelance clients before they offered her the opportunity to join their in-house marketing team in 2011. Laura is now using her marketing and writing background to promote ALPS lawyers’ malpractice insurance as well as the company’s risk management service arms for the legal community. Laura graduated from Drake University in Des Moines, Iowa with a BA in Journalism in 2000. Laura serves on the Board of Camp Mak-a-Dream, an organization that empowers survivors and their families to live with and beyond cancer through life-changing Montana experiences where they strengthen life skills, gain resilience, and develop lasting relationships. In addition to implementing ALPS growth strategy through marketing, she also enjoys camping, hiking, and overnight rafting adventures on Montana’s pristine rivers. Contact Laura at: lchurchman@alpsinsurance.com
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