Healthcare Underwriters Group of KY Earns Financial Stability Rating® of A' (A Prime), Unsurpassed, from Demotech, Inc.
COLUMBUS, Ohio, Jan. 4, 2012 /PRNewswire/ -- Healthcare Underwriters Group of KY has earned a Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed, from Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech's opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About Healthcare Underwriters Group of KY
Healthcare Underwriters Group of Kentucky (HUKY) is a non-profit, non-assessable insurance reciprocal owned exclusively by its insureds, all Kentucky doctors. From the very beginning, HUKY's success can be attributed to conservative management, aggressive claims defense, comprehensive underwriting, an extensive sales pipeline, focused sales outreach and the combination of doctor ownership/governance with a highly experienced management team. These principles coupled with its physicians continuing to practice excellent medicine assists HUKY in delivering rate stability to its policyholders and places Kentucky physicians in control of their own non-profit medical malpractice insurance company. HUKY is one of the most financially stable companies in the industry, which is evidenced by its strong financial ratios. The Company's philosophy and vision have remained unchanged - insure the right doctors at the right price, aggressively defend its physicians; reputations and if/when there are excess premiums return them to its doctors. For more information, call (866) 484-5715 or visit www.HUgroupKY.com.
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.
Visit www.demotech.com for more information.
SOURCE Demotech, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article