MAMIC Mutual Insurance Company Gets Financial Stability Rating from Demotech
According to a release, this level of FSR is assigned to insurers who possess exceptional 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
Demotech is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.
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