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- Demotech, Inc. Announces the 2017 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
Demotech, Inc. Announces the 2017 Stakeholder Team Accomplishment Recognition™ (STAR) Award Winners
Since 2013, Demotech has conferred the Stakeholder Team Accomplishment RecognitionTM (STAR) Award to honor Property & Casualty companies that were able to satisfy all stakeholders by meeting or exceeding our objective criteria for each stakeholder category.
Based on statutory financial statements submitted to the NAIC and obtained through our data vendor, SP Global (formerly SNL Financial), an elite group of twenty-two companies qualified for a 2017 STAR Award. Twenty-two insurers, comprising less than 1% of the 2,628 eligible Property & Casualty carriers, earned our STAR Award by addressing the needs of the entire spectrum of stakeholders: regulators, consumers, producers, corporate employees, reinsurers, claimants, and owners. Demotech believes that carriers that earn a profit while simultaneously addressing the needs of their constituents deserve recognition for satisfying all stakeholders.
2017’s STAR Award Recipients:
Acuity, A Mutual Insurance Company
|Winner in 2016 and 2017|
|American Association of Orthodontists (A RRG)|
|BCS Insurance Company|
|Capitol Casualty Company||Winner in 2016 and 2017|
|Erie Insurance Exchange|
|Farm Bureau Mutual Insurance Company of Michigan||Winner in 2016 and 2017|
|FD Insurance Company|
|General Reinsurance Corporation|
|Germania Insurance Company|
|Medmarc Casualty Insurance Company|
|Mercury Casualty Company|
|MMIC Insurance, Inc.||Winner in 2016 and 2017|
|Mutual Risk Retention Group, Inc.|
|OOIDA Risk Retention Group, Inc.|
|PACO Assurance Company, Inc.|
|ProAssurance Casualty Company||Winner each year since 2013|
|Protective Insurance Company|
|Safety Insurance Company|
|Samaritan Risk Retention Group, Inc.|
|Sentry Insurance a Mutual Company||Winner each year since 2013|
|State Farm Fire and Casualty Company||Winner in 2016 and 2017|
|Trinity Universal Insurance Company||Winner in 2016 and 2017|
Of the twenty-two 2017 STAR Award recipients, eight also received the award last year, with two earning the award each of the five years since the award’s inception. It is Demotech’s privilege to recognize this elite group of companies that were able to satisfy regulators, consumers, producers, employees, reinsurers, claimants, and owners.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
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