A.M. Best has affirmed the financial strength rating of “A (Excellent)” and an issuer credit rating of “a+” to NCMIC Risk Retention Group, based in Burlington, Vermont.
The rating actions reflect NCMIC RRG’s role within the National Chiropractic Mutual Holding Company (NCMHC), the benefits derived from its affiliation with NCMIC Insurance Company (NIC) and its well-recognised brand.
NCMIC RRG was formed in 2013 to provide coverage, limits, policy attributes and rates substantially similar to those provided by NIC for chiropractors in selected jurisdictions where rate stability has been difficult for NCMHC to secure for its members.