Red Bank, NJ – August 14, 2018 – Plymouth Rock Assurance today announced that the Financial Strength Ratings of the Palisades Group and High Point Homeowners Group have been upgraded to A- (“Excellent”) by A.M. Best Rating Services, Inc., the world’s oldest and most authoritative insurance rating and information source. Further, the Long-Term Issuer Credit Ratings have been upgraded to “a-.”
The ratings, which were issued along with a revised outlook of “stable,” reflect the companies’ strong operating performance, risk-adjusted capitalization strategies and balance sheet strength, which A.M. Best categorized as “very strong.”
“A.M. Best’s upgrade of our companies’ financial ratings is a testament to the operational strength and financial stability of our organization,” said Gerry Wilson, President and CEO of Plymouth Rock NJ. “We’re very pleased to have received the ‘excellent’ ratings across both the Palisades Group and High Point Homeowners Group.”
The Palisades Group includes Palisades Safety and Insurance Association, Palisades Insurance Company, High Point Property and Casualty Insurance Company, High Point Safety and Insurance Company, Twin Lights Insurance Company and Teachers Auto Insurance Company of New Jersey. The High Point Homeowners Group includes High Point Preferred Insurance Company and Palisades Property and Casualty Insurance Company.
About Plymouth Rock
The Plymouth Rock Group of Companies was established to offer its customers a higher level of service and a more innovative set of products and features than they would expect from an insurance company. Plymouth Rock’s approach to insurance, including unique features like Crashbusters® mobile claims vans, Door to Door Valet Claim Service®, the Get Home Safe® taxi and rideshare benefit, and its Pledge of Assurance® put customers’ convenience and satisfaction first.
Plymouth Rock Assurance is a marketing name used by separate underwriting and management companies that offer personal and commercial auto and home insurance. Insurance in New Jersey is offered by Palisades Safety and Insurance Association, Palisades Insurance Company, High Point Property and Casualty Insurance Company, Teachers Auto Insurance Company of New Jersey, High Point Safety and Insurance Company, Twin Lights Insurance Company, High Point Preferred Insurance Company, and Palisades Property and Casualty Insurance Company. Personal auto and home insurance is offered in Pennsylvania through Palisades Insurance Company, High Point Preferred Insurance Company, and Palisades Property and Casualty Insurance Company. Each company is financially responsible only for its own insurance products and actual coverage is subject to the language of the policies as issued by each company.
The Plymouth Rock Group of Companies was founded in 1982 by Jim Stone. Taken together, the group’s companies write and manage more than $1.3 billion in auto and home insurance premiums across Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.
Plymouth Rock Assurance gives its customers the choice to do business the way they want – online at https://www.plymouthrock.com, using a mobile device, by phone or with one of Plymouth Rock Assurance’s agents.