Columbus, OH (PRWEB) September 15, 2005
Bankers Insurance Company has earned a Financial Stability RatingÂ® (FSR) of A, Exceptional from Demotech, Inc. This level of FSR is applicable to insurers who possess exceptional ability to maintain a positive surplus as regards policyholders, maintain liquidity of invested assets, quality reinsurance and acceptable financial leverage.
FSRs summarize DemotechÂs opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). For more than a decade, FSRs of A or better have been accepted by the major participants in the secondary mortgage market, including Fannie Mae, Freddie Mac and HUD.
Bankers Insurance Company is a sister company of First Community Insurance Company, which sells insurance products exclusively in Florida. Bankers Insurance Group is the parent of both insurance companies. Bankers Insurance Company is licensed in 39 states. Their main lines of business include homeowners, dwelling fire, excess flood, companion flood, business ownersÂ policy, commercial package policy and vector insurance. The CompanyÂs specialty lines include collateral protection and bail bonds. Bankers Insurance Company writes both personal and commercial coverage. The Company currently has new products in development to meet evolving personal and business related insurance needs.
Agency appointments can be coordinated by phone at (727) 823-4000 x 4900. For further information, please visit http://www.bankersinsurance.com.
About Demotech, Inc.
Since 1985, Demotech, Inc., a Columbus, Ohio based financial analysis and actuarial services firm, has been serving the insurance industry, providing a wide range of services including pricing analysis, state filings assistance, Financial Stability RatingsÂ® and support for other required regulatory reporting. Having worked with insurers of all sizes, Demotech possesses broad experience addressing actuarial and financial analysis issues, whether the issue is unique to a particular insurer or faced throughout the industry. Demotech was the first company to have its rating formally reviewed and accepted by Fannie Mae, Freddie Mac and HUD.
Visit http://www.demotech.com for more information.