- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to People’s Trust Insurance Company
Demotech Affirms the Financial Stability Rating® Assigned to People’s Trust Insurance Company
Columbus, Ohio, August 14, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to People’s Trust Insurance Company 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 People’s Trust Insurance Company
Built on an ethic of preparedness and rapid response, People’s Trust has emerged as one of Florida’s top 10 home insurance companies delivering a better way for more than 140,000 Floridians to insure their homes. With more than 600 employees in their family of companies, including an affiliation with the Rapid Response Team – Florida’s largest insurance restoration general contractor – People’s Trust is a full partner in recovery. At the heart of the Company’s innovative approach is a commitment to being Florida’s best-prepared home insurance company with both the physical assets and financial resources to be there when a policyholders need them most. Upfront investments in personnel, supplies and equipment, along with Rapid Response Team, provide policyholders with a seamless, no-hassle claims service featuring 24/7 emergency response and satisfaction-guaranteed, quality repairs. People’s Trust Insurance Company’s unique approach saves policyholders money and speeds recovery after a loss, so they can get their lives back to normal fast.
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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