#USA #Sarasota #Insurance #AM Best #FCCI

AM Best Confirms FCCI Insurance Company's Financial Strength

On June 10, 2025, AM Best reaffirmed the Financial Strength Rating of A (Excellent) for FCCI Insurance Company and its subsidiary insurers, denoting a stable outlook for the company. This ratings affirmation is a testament to FCCI's robust balance sheet, sound operational performance, and efficient enterprise risk management practices. The recognition from AM Best serves as an important validation of FCCI Insurance Group's commitment to delivering reliable services to its policyholders, agents, and partners.

Cina Welch, the President and CEO of FCCI Insurance Group, expressed the company's satisfaction with AM Best's recognition, stating, "We are pleased that AM Best continues to recognize our financial strength and commitment to long-term stability. This rating reinforces our ability to deliver on the promises we make to our policyholders, agents, and partners."

FCCI Insurance Group, which includes notable subsidiary insurers such as Brierfield Insurance Company, FCCI Specialty Insurance Company, Monroe Guaranty Insurance Company, and National Trust Insurance Company, has a longstanding reputation within the insurance sector. Over the years, certain subsidiaries such as FCCI Commercial Insurance Company and FCCI Advantage Insurance Company have wound down their operations, yet this transition was seamless, ensuring no disruption for agency partners and policyholders.

FCCI is dedicated to providing comprehensive commercial property and casualty insurance, along with an array of risk control services and surety bonds. The company operates exclusively through a network of more than 3,800 independent agents spread across 20 states, along with Washington, D.C. Their diverse insurance coverage portfolio encompasses areas such as auto, crime, cyber liability, equipment, excess and surplus, property, general liability, inland marine, umbrella, and workers' compensation insurance. Notably, their contract and commercial surety bonds extend across 45 states.

With over 12,000 policyholders who are part of various industries—including agribusiness, construction, manufacturing, medical and professional services, restaurants and hospitality, retail, service and repair, and wholesale and distribution—FCCI has proven to be an essential player in the insurance landscape. Their financial health is marked by significant assets totaling $3.3 billion and direct written premium reaching $1.2 billion. Furthermore, FCCI was rated A (Excellent) by AM Best, which further underscores the company’s outstanding operational status.

FCCI has made substantial investments in maintaining regional and branch offices located strategically in places such as Florida, Georgia, Indiana, Mississippi, Texas, and Virginia. For further information regarding FCCI Insurance Group’s offerings and strengths, stakeholders are invited to visit their official website.

Overall, the reaffirmation of FCCI's financial strength serves as both encouragement to the internal team and reassurance for clients who rely on their services. Looking ahead, FCCI is committed to building on this momentum and continuing to serve its policyholders with excellence, aligning with the principles that have established them as a trusted insurance provider.