Columbus, Ohio (PRWEB) August 10, 2005
Nationwide Insurance Company of Florida (NICOF) has earned a Financial Stability Rating® (FSR) of A, Exceptional from Demotech, Inc. This level of Financial Stability Rating® is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels. NICOF is a wholly-owned subsidiary of Nationwide Mutual Insurance Company.
Nationwide, based in Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $157 billion in assets. Nationwide ranks 99 on the Fortune 500 list. The company provides a full range of insurance and financial services, including auto, homeowners, life, health, commercial insurance, administrative services, annuities, mutual funds, pensions and long-term savings plans.
The Nationwide companies include the countryÂs seventh-largest property / casualty, the fourth-largest homeowners and the sixth-largest auto insurance group. For more information, visit http://www.nationwide.com.