4-Traders reports long-time insurance rating firm A.M. Best has conferred upon Standard Casualty Company a financial strength rating of A- (excellent), reflecting the company’s sufficient risk-adjusted capitalization, positive operating results, and excellent market smarts. A subsidiary of manufactured home producer Cavco Industries, Inc. (CVCO), Standard has historically adhered to strict underwriting guidelines and a conservative operating philosophy. The company has registered positive pre-tax operating gains in four of the last five years. MHProNews knows Cavco bills itself as the second largest manufacturer of factory-built homes in North America.
(Image credit: Cavco Industries, Inc.)