- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to Attorneys Insurance Mutual of the South, Inc RRG
Demotech Affirms the Financial Stability Rating® Assigned to Attorneys Insurance Mutual of the South, Inc RRG
Columbus, Ohio, November 21, 2019: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Attorneys Insurance Mutual of the South, Inc RRG 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 Attorneys Insurance Mutual of the South, Inc RRG
Attorneys Insurance Mutual of the South® (“AIM”) was formed by and for practicing attorneys to provide stable, quality coverage, and the best claims defense in the lawyers malpractice insurance marketplace. AIM is a conservatively managed, fiscally responsible company insuring attorneys since 1989. Organized originally in Alabama as a traditional mutual insurer, it converted to a risk retention group in 2010 to allow it to enter other states. It currently insures practicing attorneys in Alabama and Tennessee. AIM is a direct writer of insurance operating from its corporate office in Birmingham, Alabama. It is known for its courteous and professional service and enjoys a high loyalty rate among its insureds.
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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