Mutual Insurance Company of Arizona (MICA) announced that AM Best has affirmed the company’s Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a+ (Excellent). The outlook for both ratings is stable. MICA Risk Retention Group Inc. also received a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a+ (Excellent), both with a stable outlook.
“AM Best’s affirmation of MICA’s A (Excellent) rating is a testament to our unwavering commitment to operational effectiveness and the trust we have built with our member-policyholders,” said Edward G. Marley, President and CEO of MICA. “MICA has remained exclusively dedicated to medical professional liability protection for nearly five decades as a physician-founded, member-owned company grounded in financial strength and stability. As we approach our 50th anniversary in 2026, this recognition underscores our enduring promise to protect, support, and defend the practice of medicine for generations of physicians.”
The Best’s Credit Report recognizes MICA’s strong financial position and a consistent record of policyholder dividends, along with operating results that exceed industry benchmarks. The rating also acknowledges MICA’s position as Arizona’s leading medical malpractice insurer and the second largest physician writer in Utah, with strong policyholder retention. As a company focused on medical professional liability insurance in the Mountain States, MICA has successfully adapted to market changes while identifying new opportunities for growth.
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AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings.
Founded in 1976, Mutual Insurance Company of Arizona is a member-owned and physician-directed mutual insurance company that delivers high-quality medical professional liability insurance with exceptional service to individual physicians, physician groups, advanced health care professionals, and medical facilities across Arizona, Colorado, Nevada, Montana, Utah, and Wyoming. MICA prioritizes its insureds first and has earned a reputation for financial strength, effective claims management, prudent loss reserving, and a strong focus on member needs.
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