Demotech Affirms Financial Stability Rating® Assigned to Iowa Title Guaranty
Columbus, Ohio, March 15, 2023: The Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, assigned to Iowa Title Guaranty has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed 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).
About Iowa Title Guaranty
Iowa Title Guaranty offers residential and commercial Title coverage. Operating since 1988, Title Guaranty is self-funded and all profits are reinvested in housing programs for Iowans. All coverage is issued on standard ALTA forms and meets or exceeds secondary market guidelines. For more information, please visit www.iowafinance.com/iowa-title-guaranty.
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 www.demotech.com for more information.
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