demotech News

Near National P/C Carriers Identified for 2015

The Demotech Company Classification System, established in the Feb. 12, 2007 issue of Insurance Journal, categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners. The …

How Strong Is Florida’s ‘Revived’ Homeowners Market?

As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of …

Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report

Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in reinsurance costs. Florida Insurance Commissioner Kevin McCarty released …

Risk Retention Groups Continue to Display Financial Stability: Demotech

Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. Demotech Inc., a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers, analyzed the reported …

RRGs Financially Stable Despite Q1 Underwriting Losses: Demotech

First quarter 2012 reported financial information indicates risk retention groups continue to exhibit financial stability. RRGs reported a $10 million net underwriting loss collectively, however, they also reported $49.8 million net income for first quarter 2012, according to an analysis …

Professional Underwriting Group Provides Insolvency Carve Back

The Professional Underwriting Group, Inc. (PUG) will now provide insurance agents and brokers professional liability insurance for insurers earning a rating of “A” or better from Demotech. The insurance offering includes coverage for insolvency to the producer when the market …

Appalachian Provides Umbrella Quotes for Demotech Rated Carriers

Insurers earning a financial stability rating of A or better from Demotech are now eligible for standalone personal umbrella insurance quotes from Appalachian Underwriters. Quotes will be available for preferred, standard and higher-risk umbrellas with limits up to $10 million …

Insurers’ Ratings Won’t Be Penalized for Catastrophe Losses: Demotech

The fact that U.S. property/casualty insurers’ earnings have taken a hit due to recent catastrophe losses should not by itself mean insurer ratings will change, according to one rating firm. As long as the insurers that its actuaries rate have …