Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Columbia Lloyds Insurance Company and its affiliate MDOW Insurance Company has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech, Inc., it was announced.
Demotech reported that 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).
Demotech is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.
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