Demotech Affirms the Financial Stability Rating® Assigned to Cypress Property & Casualty Insurance Company
Columbus, Ohio, August 19, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Cypress Property & Casualty Insurance Company 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 Cypress Property & Casualty Insurance Company
Cypress Property & Casualty Insurance Company (CPCIC) is a Florida-domiciled insurance company based in Jacksonville, Florida. Since its inception in 1999, CPCIC has provided Florida agents and policyholders with competitively-priced insurance products designed to meet the needs of property owners and business owners alike. CPCIC has continued to provide efficient claims resolutions in response to unprecedented catastrophic events during the last ten years. During that same period, CPCIC has maintained financial stability through prudent risk management and conservative reinsurance protection practices. For more information, contact Jay Rine at (904) 371-2505 or jrine@cypressig.com.
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. Visit www.demotech.com for more information.
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