- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Americas Insurance Company
Demotech Affirms the Financial Stability Rating® Assigned to Americas Insurance Company
Columbus, Ohio, October 10, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Americas 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 Americas Insurance Company
Americas Insurance Company (AIC) is a property and casualty insurance company domiciled in Louisiana and licensed to write in 26 states and Washington, DC. In 2008, AIC began writing homeowners insurance in response to local need for it after Hurricane Katrina. In 2011, AIC was acquired by Assure Holding Corporation, a privately held company, which specializes in personal lines of insurance and providing innovative solutions to special risks. AIC utilizes an intuitive web-based platform where agents have real-time binding authority and can manage their book of business. This platform, coupled with a diligent underwriting philosophy, brings a competitive market to those seeking property insurance in Louisiana. AIC plans to expand into other states, functioning as a fronting carrier to provide services for managing general agents and other insurance programs. Visit us at www.americas-insurance.com for more information.
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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