I am pleased to announce that A.M. Best has upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit ratings to “a-” from “bbb+” of the members of Dakota Group (Dakota). Dakota consists of Dakota Truck Underwriters and First Dakota Indemnity Company. The outlook for all ratings has been revised to stable from positive.
As noted in the attached PRESS RELEASE published by A.M. Best, ..."the rating actions reflect the Dakota Groups’ strong risk-adjusted capitalization, historically positive operating results, and specialized market presence as a niche workers’ compensation writer in the upper Midwestern states.”
On behalf of our team, I’d like to thank all of our partners, agents, and policyholders for your business these past 25 years and your recognition that our value to you has been our committed focus on improving and delivering exceptional workers’ compensation solutions through our products and services.
We look forward to continuing to be your choice for solutions in workers’ compensation.