1st Quarter 2011 Review of Florida Property Writers Released by Demotech, Inc.

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Jul 22, 2011, 08:04 ET

COLUMBUS, Ohio, July 22, 2011 /PRNewswire/ -- As a recognized industry leader providing Financial Stability Ratings^® (FSRs) for the Property & Casualty insurance industry, Demotech, Inc. has released the Florida Quarterly Review (FQR) - 1st Quarter 2011 at the request of reinsurance brokers, regulators, agents, consumers, lenders and the Florida domiciled property writers themselves. The FQR provides excerpts of financial performance and comparative reports for Florida property writers and is available on Demotech's website at http://www.demotech.com/02_objects/pdfs/papers/20110331_fl_cos_update.pdf.

The FQR has been designed and structured to provide selected financial information and ratios for property writers in Florida. Many of the selected financial categories and ratios appear in Guidance on Financial Stability Ratings^® and Catastrophe Reinsurance Program Reporting for Florida Property Insurers, released March 2010.

The FQR should not be relied upon to determine information regarding the assignment or affirmation of FSRs. The assignment or affirmation of an FSR is contingent upon Demotech's interpretation of the overall financial stability of the insurer, not solely on the data and information presented in the FQR. Demotech reviews and evaluates quantitative as well as qualitative data on each company during the review and rating assignment process.

The financial information and ratios in the FQR are objective, historical, statutory accounting evaluation criteria available from the public financial statements of each rated insurer writing property business in Florida. These criteria do not constitute a safe harbor or bright-line indicator for assignment or affirmation of an FSR.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech has been serving the insurance industry by providing actuarial consulting and accurate and proven Financial Stability Ratings^® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of a company. Our rating process provides an objective baseline and insight into the future solvency of a company. As an independent financial analysis and actuarial firm, Demotech has a proven track record of predicting financial stability in the insurance industry. As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes.

Visit www.demotech.com for more information.

SOURCE Demotech, Inc.