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Is Demotech Inc a reliable company when rating an insurance carrier?
Wiki User
∙ 12y ago
thats hard to say..AM Best is the gold standard for insurance company ratings... Demotech, while not the best, still gives good predictions of company solvency. I wouldn't be too worried about it so long as the insurance carrier in question is "admitted"
Wiki User
∙ 12y ago
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How do you evaluate a title insurance company?
A title insurance COMPANY is the actual underwriting company or insurer. A title insurance AGENCY is the local guy providing services by his Underwriter. Just like your local car insurance AGENT who writes for an insurance COMPANY. The title underwriting industry is ranked by Demotech. Demotech is a national independent actuarial service firm that rates the financial stability of all P&C insurance providers within the United States. Demotech?s Financial Stability Analysis Model, which determines the financial stability of insurers, has been accepted by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), since 1989.
Is insurance carrier same as insurance company?
Yes
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Is humana health insurance a reliable insurance company?
Humana is a reliable insurance company. I would check your options more before deciding to switch. Progressive, and state farm are reliable as well. View a reliable price for what you need in insurance to best suit your needs.
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Is People's Trust Insurance Company a reliable company What is their rating among insurance agencies?
People's Trust Insurance Company is a Florida domiciled insurance company writing exclusively homeowners insurance in the state of Florida. As such, they have a fairly homogeneous mix of risk and are particularly susceptible to underwriting performance swings based on geographical area events that impact Florida or a subset of Florida disproportionately. There are several rating organizations which rate financial stability and claims paying ability for insurance companies. The rating agency most frequently cited is AM Best. AM Best does not currently rate People's Trust Insurance Company. This does not mean that People's Trust is not financially sound. Another, newer, rating agency, Demotech, also rates financial stability. People's Trust has an "A" (Exceptional) rating from Demotech, affirmed December 2, 2008. As of 9/30/08, they have $7 million in net written premium and $7.3 million in policy holders' surplus. This is an extremely strong ratio, as a ratio of $2 dollars of net written premium to $1 dollar of surplus is conservative, and any lower ratio is ideal. Their ratio is currently less than 1:1. Of all companies assigned an "A" rating by Demotech, over 99% survive 24 months and over 94% survive 10 years. An "A" rating by Demotech is the third highest rating the company assigns, and is in the middle third of all ratings assigned.
Is gio insurance a reliable insurance company?
Allstate is a great, reliable, and affordable insurance company. GIO is another insurance company that a person can switch to. However, you have to keep in mind that this is an Australian based company. They offer car, home, travel, life, and business insurances. They also offer workers comp. It seems to be a reliable company as it has been around since 1927.
