Frederick, Maryland – September 19, 2017—Preferra Insurance Company RRG, formerly NASW Risk Retention Group, is pleased to announce that it has been rated among the highest in the nation by the world’s largest, most authoritative, and longest-established company devoted to issuing financial strength ratings to insurance organizations.
A.M. Best Company, the world’s oldest and most authoritative insurance rating source, has issued an ‘Excellent’ Financial Strength Rating to Preferra Insurance Company RRG, formerly NASW Risk Retention Group. This rating reflects the strong risk-adjusted capitalization, profitable operating performance, and niche market expertise in professional liability insurance designed specifically for the social work profession.
“This rating puts us in the same league as some of the leading insurance companies in the world. A.M. Best only assigns this rating to a select group of insurance companies. I think this speaks volumes about the stability and financial strength of the Professional Liability Insurance program,” says Tony Benedetto, CEO, Preferra Insurance Company RRG, formerly NASW Risk Retention Group,.
Preferra Insurance Company RRG, formerly NASW Risk Retention Group, created and overseen by social workers, offers high-quality liability products with very attractive benefits designed to meet the specific needs of the social work profession at competitive pricing for the value. Unlike most insurance companies that focus mainly on creating profits, the Preferra Insurance Company RRG, formerly NASW Risk Retention Group,’s a priority is to focus on what’s best for social workers and the entire profession.
“We strive to have the best benefits and coverage for social workers and this rating confirms we are on solid financial ground to do just that.” says Benedetto.
Preferra Insurance Company RRG, formerly NASW Risk Retention Group, advocates for policyholders in ways that make a real difference, like operating at significantly lower administrative costs than major competitors in order to keep premium down and customizing benefits to stay current with the needs of the social work profession. Preferra Insurance Company RRG, formerly NASW Risk Retention Group, continues to offer valuable insurance coverage, risk management tools, and relevant professional resources supporting members personally and professionally.