First Community Insurance Company and Bankers Security Insurance Company, both multi-line property/casualty carriers writing personal and commercial insurance in all 50 states, have received an “A” rating from Demotech Inc.
In assigning the rating, Demotech evaluated several factors, including, but not limited to: annual and quarterly statements, changes in the composition of assets and liabilities, changes in working capital, and comparison of actual versus budget operating results.
Both First Community Insurance Company and First Community Insurance Co. are affiliates of Bankers Insurance Group, an insurance and financial services holding company in St. Petersburg, Fla. The rating process for a third affiliated carrier, Bankers Insurance Co., is still underway.
Topics Carriers
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