Demotech Affirms the Financial Stability Rating® Assigned to Florida Public Housing Authority Self Insurance Fund (FPHASIF)

Columbus, Ohio, December 27, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Florida Public Housing Authority Self Insurance Fund (FPHASIF) has been affirmed by Demotech, Inc. 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 National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.

About Florida Public Housing Authority Self Insurance Fund (FPHASIF)

FPHASIF was founded by the Florida Association of Housing and Redevelopment Officials (FAHRO), to meet the risk and insurance needs facing the unique state and federally regulated Public Housing Authorities.

FPHASIF serves public housing authorities with the goal of providing cost savings, maximum protection, and coverage for all types of tax credit and other mixed use partnerships.

The Company is a separate and distinct self-insurance fund regulated by Chapter 624.46226, Florida Statutes, making them more versatile than a risk retention pool or municipal fund.

All proceeds accumulated from annual premiums become a shared asset of the paying FPHASIF members and are retained, applied, or returned to the member based upon the percentage the housing authority pays into the Fund itself.

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.  Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US.  Visit for additional information.

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