Demotech Affirms the Financial Stability Rating® Assigned to Midwest Insurance Group, Inc., a Risk Retention Group

Columbus, Ohio, September 27, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Midwest Insurance Group, Inc., a Risk Retention Group 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 Midwest Insurance Group, Inc., a Risk Retention Group

Midwest Insurance Group, Inc. was formed in 2004 by nursing home owners in response to an increasingly disruptive medical liability marketplace where both a lack of carriers and capacity resulted in extraordinary higher liability costs for nursing homes. Though capable of underwriting risk nationwide, Midwest currently writes business in Indiana where Indiana’s Medical Malpractice Act caps damages to 1,250,000 for any one claim and provides a medical review panel process that helps eliminate frivolous claims. It is one of several such states. Underwriting is performed by Caitlin Morgan Insurance Services. Midwest utilizes the services of Engelking Law Group led by Lara Engelking. Lara is a Nurse and an Attorney allowing quick analysis and liability assessment on claims.

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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