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Stock impact report

Demotech Rated Frederick Mutual Insurance Company Nominated as Innovative [Yahoo! Finance]

United Fire Group, Inc (UFCS) 
US:NASDAQ Investor Relations: ir.ufginsurance.com
Company Research Source: Yahoo! Finance
the ninth oldest insurer in the US, has been nominated for the 2024 National Association of Mutual Insurance Companies Award in Innovation. Frederick Mutual has earned a Financial Stability Rating ® of A, Exceptional , from Demotech. Licensed in the District of Columbia , Delaware, Maryland North Carolina Pennsylvania South Carolina and Virginia , Frederick Mutual Insurance Company selected Nancy B. Newmister as its President and Chief Executive Officer in May 2016 . Since that time, Newmister has leveraged the carrier's storied past while securing its relevancy in the future. As President and CEO, Newmister re-positioned the (then) "174-year-old start-up" to ensure its future success. The Award in Innovation nomination focused on the transformation of Frederick Mutual's workforce, marketing territory, independent agency representation, commercial products, and technology stack while formalizing its risk management, claim, underwriting best practices, and a reduction in expense ra Show less Read more
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