AM Best affirms EIM’s “A” Rating

Members and Friends, As always, EIM stands ready to assist our members with their insurance needs. We continue to receive inquiries from existing and potential members who are experiencing volatility in the commercial insurance markets, proving once again the mutual advantage. We remain proud of our capabilities and financial strength, and even more so when…

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2021 IAC Member Survey

Every two years, the Insurance Advisory Committee (IAC) of Energy Insurance Mutual conducts a survey of its Members and Brokers to solicit feedback on the performance and direction of our mutual.  Please take the time to complete this survey. Your candid feedback is key in EIM’s continued success. We would greatly appreciate your response by…

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David L. Hader Award Nominations Requested

The first David L. Hadler Risk Manager of the Year award was presented at EIM’s 25th Risk Manager’s Information Meeting in 2011.  The award is dedicated to the memory of Mr. Hadler, who was the President and CEO of Energy Insurance Mutual from 1993 until 2009. It is awarded to the Member Company risk manager who…

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COVID-19 Public Announcement

UPDATE: May 24, 2021 In accordance with guidance from our local and state governments, EIM is pleased to announce that we are returning to “in-office” operations. While our “work-from-home” operations proceeded smoothly and provided our Members with uninterrupted service, we look forward to the ease of information sharing and camaraderie that comes from working in…

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Jeffrey Tkacz Promoted to Chief Financial Officer

FOR IMMEDIATE RELEASE TAMPA, Fla., January 21st 2020 – Energy Insurance Mutual Limited announced today the appointment of Jeffrey M. Tkacz as Vice President and Chief Financial Officer, effective March 1, 2020. Tkacz will succeed Tommy Bolton, who will become President and Chief Operating Officer on March 1, 2020, and will succeed Scott Goodell as…

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$50 Million Supplemental Distribution Declared

In September 2019, EIM reported that the Board had approved a supplemental distribution of $25 million to be paid on or before November 30 to members of record as of September 30, 2019.  At the most recent Board meeting, held last week on November 14, 2019, the Board approved an increase of the supplemental distribution…

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A.M. Best Revises Issuer Credit Rating Outlook to Positive for EIM

On May 13, 2019, A.M. Best affirmed EIM’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of “A” (Stable) and “a” (Positive), respectively. In affirming both ratings, A.M. Best noted that EIM’s balance sheet is “underpinned by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) model, a sound…

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Insurance Advisory Committee Update – 1st Qtr. 2018

Summary of discussion items: EIM management and the IAC discussed the Risk Managers Information Meeting.  Overall the meeting and the speakers were well received.  EIM received positive feedback from the attendees. The IAC task force committee chairs discussed the following in a panel discussion at the Risk Managers Information Meetings discussed the following topics: Cyber…

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Insurance Advisory Committee Update – 4th Qtr. 2017

Summary of discussion items: EIM Policyholders’ Surplus grew to $1.155 billion through October, 2017. With a current membership count of 156, EIM’s membership retention remains at 99%. Energy School is scheduled for the fall of 2018 at Florida State University in Tallahassee, Florida. New business opportunities include GL- 8 submissions, D&O – 3 submissions; Property…

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