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 assigned to insurers who possess unsurpassed financial stability, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
Demotech’s President and co-founder, Joseph Petrelli, noted “It is a pleasure to have Prime Insurance Company return to the growing list of Demotech rated carriers. In an industry that is attracted to data analytics and artificial intelligence, the team at Prime Insurance Company recognizes that marketing, underwriting and effective claims handling require natural intelligence as well. This is a distinguishing feature at Prime.”
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