Mid Hudson Co-Operative Insurance Company Receives 2012 Orange County, New York Small Business Award

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Sep 14, 2012, 09:14 ET

COLUMBUS, Ohio, Sept. 14, 2012 /PRNewswire/ -- Mid Hudson Co-Operative Insurance Company has been domiciled in Orange County, New York as it's only insurance company for over 100 years; offering insurance products to local consumers, through their force of independent agents. The company's Board of Directors and Employees are involved within their local communities. They are involved within their respective religious organizations, health and other Civic organizations; as well as supporting their local food pantry and two Little League teams.

(Logo: http://photos.prnewswire.com/prnh/20120123/MM39893LOGO )

Mid Hudson Co-Operative Insurance Company is a property and casualty insurance company represented by 106 independent insurance agents with 171 locations throughout New York State. They specialize in Business Owners; Home Owners; Farm Owners; Manufactured Home Owners; and Landlord and Commercial packages for Property and Liability insurance. Mid Hudson Co-Operative Insurance Company was formed in 1900 by the Granges of Westchester and Putnam counties under the name "Westchester & Putnam Patrons 'Fire Relief Association" and served the farmers of these two counties only, until 1941 when the operating territory of the company was extended to include Orange, Ulster, & Sullivan Counties. The company continued to grow and extend its territories and changed its name to Mid Hudson Co-Operative Insurance Company in 1960 to adequately reflect the operating territories of the company. Mid Hudson Co-Operative Insurance Company has earned a Financial Stability Rating of A, Exceptional, from Demotech, Inc.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. This philosophy was the catalyst for the Demotech Company Classification System, which was published in Insurance Journal, in order to stratify and categorize insurers into operational categories. Visit www.demotech.com for more information.

SOURCE Demotech, Inc.