- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Continuing Care RRG, Inc.
Demotech Affirms the Financial Stability Rating® Assigned to Continuing Care RRG, Inc.
Columbus, Ohio, October 10, 2018: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Continuing Care RRG, Inc. has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Continuing Care RRG, Inc.
Continuing Care RRG, Inc. (CCRRG) was incorporated on February 28, 2003, licensed as an Industrial Insured Risk Retention Group Mutual Insurance corporation under the captive insurance laws of the State of Vermont as of 12/31/2015 and prior in South Carolina from September 19, 2003 through 12/31/2015 and CCRRG commenced business on October 1, 2003. CCRRG’s exclusive program business is focused on PL/GL for Long Term Care Facilities in the U.S. Magnolia LTC Management Services, Inc. is the Program Manager and Risk Services, LLC is the Captive Manager for CCRRG. Magnolia provides underwriting, policy issuance and extensive risk management services to member facilities.
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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