Demotech Reviews Financial Stability Rating for Universal Insurance Company of North America to an FSR of A, Exceptional [Professional Services Close – Up]

Demotech, a financial analysis company, has completed its review of the year-end 2012 financial and qualitative information of Universal Insurance Company of North America.

According to a release, based on this review, Demotech has revised the FSR for Universal Insurance Company of North America to A, Exceptional.

According to Joseph L. Petrelli, President and Co-founder, "Demotech is familiar with the numerous legislative, regulatory and marketplace changes that have taken place in Florida over the past several years. The fifty Florida domiciled carriers that we review and rate comprise nearly 75 percent of the Homeowners insurance market not written by Citizens Property Insurance Corp. or State Farms'Florida affiliate. As such, when we say that we believe that Universal Insurance Company of North America has been and will continue to be a key carrier in the resurgence of the private sector in Florida, we have the breadth and depth of experience to opine. Universal Insurance Company of North America remains well positioned to serve its insureds, agents, reinsurers and other stakeholders."

Universal Insurance Company of North America (UICNA) is a part of Universal Insurance Holdings of North America (Universal North America), a subsidiary of Universal Group, Inc.Universal North America currently serves 17 states, offering a variety of insurance products including Homeowners, Dwelling Fire, Condominium, Renters, Flood, and Commercial insurance policies (not all products are available in every state).

More information:

www.universalnorthamerica.com

www.demotech.com

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