What’s New

AM Best Affirms HEMIC’s Rating of “A” (Excellent)

HEMIC has maintained “A” rating since first rated in 2007 NEWS RELEASE — September 21, 2022 HONOLULU, HAWAI`I — AM Best has affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Rating of “a” for Hawaii Employers’ Mutual Insurance Company (HEMIC), the largest provider of workers’ compensation insurance in Hawai`i. HEMIC has maintained an A rating from AM Best every year since they were first rated in 2007. The rating rationale by AM Best refers to HEMIC’s balance sheet strength, adequate operating performance, limited business profile and appropriate enterprise risk management. Said Martin J. Welch, Chief... Read More

HEMIC Board Declares $1.25M Dividend

The Board of Directors of Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $1.25 million dividend payable to qualifying policyholders. This year marks HEMIC’s 25th anniversary taking care of Hawai`i businesses, and HEMIC’s Board has declared dividends for policyholders every year since 2007.... Read More

HEMIC Board Declares $1 Million Dividend

HEMIC has returned policyholder dividends for 15 consecutive years. NEWS RELEASE — The Board of Directors of Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $1 million dividend payable to qualifying policyholders.  Since 2007, HEMIC’s Board has declared dividends each year and, with this declaration, will have returned over $42 million to Hawai`i policyholders.  In just the last 2 years, HEMIC has returned $5.5 million to policyholders in dividends and premium relief, helping their customers outlast a worldwide pandemic and the resulting economic impact on Hawai`i. “HEMIC’s operating results have also been negatively impacted by COVID, but we... Read More

HEMIC Rated A (Excellent) with Stable Outlook by AM Best

HEMIC Has Maintained “A” Rating Since First Rated in 2007 NEWS RELEASE — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) for Hawai`i Employers’ Mutual Insurance Company, Inc. (HEMIC). The outlook of the Credit Ratings (ratings) is stable. The largest provider of workers’ compensation insurance in Hawai`i has maintained an A rating from AM Best every year since they were first rated in 2007.  The ratings reflect HEMIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and... Read More