Columbus, Ohio, July 12, 2022 /PRNewswire/ — Demotech, Inc., the first to review and rate independent, regional and specialty insurers, has assigned a Financial Stability Rating® (FSR) of A”, Unsurpassed, to Prime Insurance Company. This level of FSR is awarded to insurers who possess unsurpassed financial stability, liquidity of invested assets, acceptable level of financial leverage, reasonable losses and expense reserves. loss adjustment (L&LAE) and realistic prices.
President and co-founder of Demotech, Joseph Petrellinoted “It is a pleasure to have Prime Insurance Company back on the growing list of carriers reviewed by Demotech. In an industry that is driven by data analytics and artificial intelligence, the Prime Insurance Company team recognizes that Marketing, underwriting and handling claims efficiently also require natural intelligence, and that’s a distinguishing feature at Prime.
About Prime Insurance Company
Prime Insurance Company is a committed and trusted resource for individuals, businesses and producers, following a bold business model that has inspired forty years of success and growth. By keeping the underwriting and risk management teams in-house, Prime has been able to write an endless list of risk classes and offer a wide range of cover in specialist classes. Their in-house team of claims adjusters have handled over 70,000 claims and provide support to policyholders throughout the insurance process – from risk mitigation to claims processing. Their in-house teams support Prime, the producer and the insured to obtain the most reliable coverage for their liability risk.
Visit www.primeis.com to learn how Prime Insurance Company can help you in your efforts.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in assessing the financial stability of independent, regional and specialty insurers. Since 1985, Demotech has served the insurance industry by awarding financial stability ratings® (FSR) for P&C insurers and securities underwriters. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and business model execution rather than solely on financial size. Demotech was the first to rate and rate independent regional and specialty insurers. Visit www.demotech.com for more information on how we can help you.
SOURCE Demotech, Inc.