NASW Risk Retention group is now preferra insurance company RRG

Preferra Insurance Company RRG, formerly NASW Risk Retention Group Rated Among the Highest in the Nation

Frederick, Maryland – October 18, 2018, — Preferra Insurance Company RRG, formerly NASW Risk Retention Group Group, Inc. is pleased to announce, once again, it has been rated among the highest in the nation by the world’s largest, most authoritative and longest-established company devoted to issuing financial strength ratings to insurance organizations.

A.M. Best Company, the world’s oldest and most authoritative insurance rating source, has reaffirmed the financial strength rating for these companies as ‘Excellent’ (A-) with a stable outlook.

“The Preferra Insurance Company RRG (formerly NASW Risk Retention Group) attributes its success to our commitment to long-term stability, growth, and strong business model,” said Joseph T. Monahan, JD, ACSW, Board Chair/President, Preferra Insurance Company RRG, formerly NASW Risk Retention Group Group.

A.M. Best Company cited balance sheet strength, categorized as very strong, as well as its strong operating performance and niche market expertise in professional liability insurance designed specifically for the social work profession.

“As a leader in offering professional liability insurance to the social work community, we work closely with social work professionals to design and deliver comprehensive insurance coverage while maintaining proper pricing and reserves,” said Tony Benedetto, CEO of Preferra Insurance Company RRG, formerly NASW Risk Retention Group Group.

The Preferra Insurance Company RRG, formerly NASW Risk Retention Group, created and overseen by social workers, offers high-quality liability products with very attractive benefits designed to meet the specific needs of the social work profession at competitive pricing for the value. Unlike most insurance companies that focus mainly on creating profits, the Preferra Insurance Company RRG, formerly NASW Risk Retention Group, is to focus on what’s best for social workers and the entire profession. These companies advocate for policyholders in ways that make a real difference, like operating at significantly lower administrative costs than major competitors to keep the premium down and customizing benefits to stay current with the needs of the social work profession.

“Preferra Insurance Company RRG, formerly NASW Risk Retention Group, continues to be a financially strong reinsurer,” said Paul A. D’Agostino, ACSW, LCSW, former President/ Chair, Preferra Insurance Company RRG, formerly NASW Risk Retention Group, “Contributing to the RRG’s capabilities to offer valuable insurance coverage, service second to none to policyholders, risk management tools and relevant professional resources supporting all social workers personally and professionally.”