- Financial Stability Rating® Notifications
- Demotech Affirms the Financial Stability Rating® Assigned to First Indemnity of America Insurance Company
Demotech Affirms the Financial Stability Rating® Assigned to First Indemnity of America Insurance Company
Columbus, Ohio, November 13, 2017: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to First Indemnity of America 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 First Indemnity of America Insurance Company
First Indemnity of America Insurance Company (FIA) was formed in 1978 to meet the needs of small and emerging contractors and developers. FIA is located in Parsippany, New Jersey and is licensed in NJ, PA, DE, MD, GA, OK, TX and are in the processes of adding more states. FIA provides contract and subdivision/site improvement surety bonds. FIA underwriting approach is to look at more than just numbers, but the complete submission and find creative approaches to writing bonds. The company’s goal is to render immediate service to their many clients. Please contact Brendan Gethins at email@example.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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