- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Bankers Insurance Company
Demotech Affirms the Financial Stability Rating® Assigned to Bankers Insurance Company
Columbus, Ohio, October 14, 2020: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Bankers 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 Bankers Insurance Company
Bankers Insurance Company (BIC) is a Florida domiciled company formed in 1976 and owns 100% of Bankers Specialty Insurance Company. BIC is 100% owned by Bankers Insurance Group, Inc. and is currently licensed in 49 states and the District of Columbia. BIC’s main lines of business include homeowners, flood, excess flood, builders risk, and business owners. BIC’s specialty lines include bail bonds and contract surety. BIC currently has new products in development to meet evolving personal and business related insurance needs. To coordinate agency appointments, please call (727) 823-4000 Ext. 4900 or e-mail BUIMarketing@bankersinsurance.com. For more information, visit www.bankersinsurance.com.
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. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for additional information.
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