Demotech Receives Founder’s Award


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Columbus, Ohio, October 7, 2015: At the third annual Florida Association for Insurance Reform Awards Dinner and Gala held on September 17, 2015, Joseph Petrelli and Sharon Romano Petrelli, co-founders of Demotech, Inc., received the Founder’s Award for their ongoing efforts to stabilize Florida’s property insurance marketplace.  The Ohio-based financial company reviews and rates more than four hundred twenty regional and national insurance companies including Title underwriters and other specialty insurance carriers.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm located in Columbus, Ohio.  Since 1985, Demotech, Inc. has been serving the insurance industry by providing actuarial consulting as well as accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters.  FSRs are a leading indicator of the financial stability of an insurer.  The rating process provides an objective baseline as well as insight as to the financial stability of an insurer. Demotech levels the playing field by offering FSRs to insurers of all sizes.  Visit www.demotech.com for more information.

About Florida Association for Insurance Reform (FAIR)

FAIR is a non-partisan, non-profit educational organization that works to educate Florida consumers and insurance industry stakeholders about the effects of insurance public policy.  Unlike other organizations that represent specific constituencies, FAIR works with constituencies to facilitate ongoing dialogue and transparent communications.  FAIR believes that there is a solution to every insurance problem that both promotes a robust insurance market and also protects consumers and policyholders.