Market Overview

Palisades Group and High Point Homeowners Group Upgraded to A- "Excellent" Rating by A.M. Best

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Plymouth Rock Assurance today announced that the Financial Strength
Ratings of the Palisades Group and High Point Homeowners Group have been
upgraded to A- ("Excellent") by A.M. Best Rating Services, Inc., the
world's oldest and most authoritative insurance rating and information
source. Further, the Long-Term Issuer Credit Ratings have been upgraded
to "a-."

The ratings, which were issued along with a revised outlook of "stable,"
reflect the companies' strong operating performance, risk-adjusted
capitalization strategies and balance sheet strength, which A.M. Best
categorized as "very strong."

"A.M. Best's upgrade of our companies' financial ratings is a testament
to the operational strength and financial stability of our
organization," said Gerry Wilson, President and CEO of Plymouth Rock NJ.
"We're very pleased to have received the ‘excellent' ratings across both
the Palisades Group and High Point Homeowners Group."

The Palisades Group includes Palisades Safety and Insurance Association,
Palisades Insurance Company, High Point Property and Casualty Insurance
Company, High Point Safety and Insurance Company, Twin Lights Insurance
Company and Teachers Auto Insurance Company of New Jersey. The High
Point Homeowners Group includes High Point Preferred Insurance Company
and Palisades Property and Casualty Insurance Company.

About Plymouth Rock
The Plymouth Rock Group of Companies was
established to offer its customers a higher level of service and a more
innovative set of products and features than they would expect from an
insurance company. Plymouth Rock's approach to insurance, including
unique features like Crashbusters®
mobile claims vans, Door
to Door Valet Claim Service
®, the Get
Home Safe
® taxi and rideshare benefit, and its Pledge
of Assurance
® put customers' convenience and satisfaction
first.

Plymouth Rock Assurance is a marketing name used by separate
underwriting and management companies that offer personal and commercial
auto and home insurance. Insurance in New Jersey is offered by Palisades
Safety and Insurance Association, Palisades Insurance Company, High
Point Property and Casualty Insurance Company, Teachers Auto Insurance
Company of New Jersey, High Point Safety and Insurance Company, Twin
Lights Insurance Company, High Point Preferred Insurance Company, and
Palisades Property and Casualty Insurance Company. Personal auto and
home insurance is offered in Pennsylvania through Palisades Insurance
Company, High Point Preferred Insurance Company, and Palisades Property
and Casualty Insurance Company. Each company is financially responsible
only for its own insurance products and actual coverage is subject to
the language of the policies as issued by each company.

The Plymouth Rock Group of Companies was founded in 1982 by Jim Stone.
Taken together, the group's companies write and manage more than $1.3
billion in auto and home insurance premiums across Connecticut,
Massachusetts, New Hampshire, New Jersey, New York and Pennsylvania.

Plymouth Rock Assurance gives its customers the choice to do business
the way they want – online at plymouthrock.com,
using a mobile device, by phone or with one of Plymouth Rock Assurance's
agents.

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