Is Acadia Insurance Company A Good Company?

UPDATED: Nov 5, 2012

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UPDATED: Nov 5, 2012Fact Checked

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Asked November 5, 2012

1 Answer

Acadia Insurance Company was founded in 1992 as a Maine-specific business insurer. By making customer service the most important aspect of the job, the company has withstood the recent economic upheaval and is well-placed as a commercial insurer in the Northeastern United States. Acadia Insurance is a wholly owned subsidiary of the W. R. Berkeley Corporation, but operates as an individual entity.

Financial Rating
Acadia Insurance is not rated as a separate company, but is rated under the parent company, W. R. Berkeley Corporation. That company is rated A+ "superior" by the A.M.Best Company, and carries an A+ rating with Standard & Poor's. Stock is publicly traded on the NYSE under the ticker symbol of WRB. The W.R. Berkeley Company is listed in the top 50 companies of its type.

Customer Satisfaction
Acadia Insurance Company's mission is to provide "closer coverage" to their customers. This means providing easy access to the company through multiple physical locations and the Internet, but it also means providing exceptional customer service. In order to provide businesses with the coverage they need, Acadia Representatives will get to know you and your business. Even though Acadia Insurance is targeting a limited market, they still put customer service as the #1 priority.

Company Availability
Acadia started out as a company which sold business and commercial insurance in the state of Maine. The company has expanded over the years, and today provides coverage through more than 600 outlets to most of the New England region. Local offices are located in Maine, New York, Connecticut, Massachusetts, New Hampshire and Vermont.

Insurance Products Offered
Acadia Insurance Company specializes in business and commercial insurance. They do not offer personal insurance policies, only property and casualty coverage for businesses, including institutions, farms, manufacturing, and retail stores.

Answered November 5, 2012 by Anonymous

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