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Showing posts with label Financial Stability Ratings. Show all posts
Showing posts with label Financial Stability Ratings. Show all posts

Tuesday, September 13, 2011

Demotech Affirms Financial Stability Ratings® Assigned to National Title Underwriters

COLUMBUS, Ohio, -- Based on its review of the second quarter 2011 statutory financial statements, Demotech, Inc. has affirmed the Financial Stability Ratings® (FSRs) assigned to the companies within the Chicago/Fidelity Group, the First American Group, the Old Republic Group and the Stewart Group.

Friday, July 29, 2011

Financial Stability Rating® of New Jersey Title Insurance Company Withdrawn

COLUMBUS, Ohio, July 28, 2011 /PRNewswire/ -- Demotech, Inc. has withdrawn the Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed, assigned to New Jersey Title Insurance Company. This action was taken subsequent to meetings and conversations with management earlier this year. The Company has suspended issuance of new commitments and is focusing on the resolution of defalcations and claims received on issued policies.

Thursday, July 21, 2011

Financial Stability Ratings® of Encompass Floridian Companies Withdrawn

COLUMBUS, Ohio, July 21, 2011 /PRNewswire/ -- Demotech, Inc. has withdrawn the Financial Stability Ratings® (FSRs) of A' (A Prime), Unsurpassed, assigned to Encompass Floridian Insurance Company and Encompass Floridian Indemnity Company. These actions were taken at the request of the two Allstate subsidiaries. The withdrawal of these two FSRs reduces the number of carriers writing homeowners insurance in Florida that have been designated as Stable by Demotech to 51. Demotech continues to review and rate carriers writing all lines of business in all states.