Demotech Affirms the Financial Stability Rating® Assigned to CARE RRG, Inc.
Columbus, Ohio, February 8, 2022: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to CARE Risk Retention Group, Inc. 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 CARE Risk Retention Group, Inc.
CARE RRG, Inc. was formed in 2004 to offer physicians an affordable, responsive alternative when purchasing medical malpractice coverage. The company has always been dedicated to controlling premiums and providing aggressive defense where error has occurred. Their products are sold exclusively through a network of experienced agents and brokers across the country, providing them with flexible, cost effective medical malpractice solutions for their client. The doctors that founded the company are involved with all phases of the business and fully appreciate the need for strong physician advocacy, risk management and legal support.
For additional information regarding CARE RRG and its products, visit www.care-ins.com or call (502) 895-6404.
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 additional information.
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