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TheStreet.com Reaffirms Hastings Mutual Insurance's Rating: "A+"or "Excellent" for Financial Strength
| Source: Hastings Mutual Insurance Company
HASTINGS, MI--(Marketwire - November 10, 2009) - Hastings Mutual Insurance Company has received
a financial strength rating of A+ (Excellent Financial Strength). This top
financial strength rating is only one of 5 given to all property and
casualty insurance companies in the United States. The rating is based on
an October 2009 review by TheStreet.com Ratings, a leading independent
provider of ratings and analyses of financial services companies, mutual
funds, and stocks.
Per Melissa Gannon, VP, Insurance and Bank Ratings, "The A+ rating means
that, in our opinion, Hastings Mutual offers excellent financial security.
It has maintained a conservative stance in its investment strategies,
business operations, and underwriting commitments. While the financial
position of any company is subject to change, we believe Hastings Mutual
has the resources necessary to deal with severe economic conditions. The A+
rating is the highest grade possible from TheStreet.com Ratings and places
Hastings Mutual on TheStreet.com Recommended List of companies, an elite
group of 5 property and casualty insurance companies representing the top
.2% of the industry."
About Hastings Mutual Insurance Company
Hastings Mutual is a regional Property Casualty insurance company serving
customers in Illinois, Indiana, Michigan, Ohio, Wisconsin and most recently
in Iowa. The company, based in Hastings, Michigan, has been writing
commercial, farm, and personal lines business through independent agents
and providing customers with financial strength and stability since 1885.
For more information about Hastings Mutual, access the company web site:
www.hastingsmutual.com.
About TheStreet.com Ratings
TheStreet.com Ratings is a wholly owned subsidiary of TheStreet.com, Inc.,
(NASDAQ : TSCM ) that provides financial strength ratings for more than 8,500
financial institutions nationwide. Ratings are also available on more than
3,800 insurance companies including auto, homeowners, life, health,
long-term care, Medicare supplement, and business insurers. Financial
Strength Ratings are based on an analysis of a company's risk-based
capital, profitability, asset quality, liquidity, and operational
stability.
TheStreet.com Ratings receives no direct or indirect compensation from the
companies it rates for issuing its ratings. To access TheStreet.com Ratings
data and reports, please visit:
http://www.thestreet.com/tscratings/.