Demotech Assigns Financial Stability Rating® to Claim Professionals Liability Insurance Company, RRG
Columbus, Ohio, March 30, 2022: Claim Professionals Liability Insurance Company, RRG has earned a Financial Stability Rating® (FSR) of A, Exceptional, from 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 Claim Professionals Liability Insurance Company, RRG
Claim Professionals Liability Insurance Company (CPLIC, RRG) is a risk retention group founded in 2004 by a group of independent adjusting firms in response to rising prices and increasingly stricter coverage in the marketplace. CPLIC, RRG caters exclusively to independent claim adjusting firms, TPAs, appraisers, umpires, consultants and other experts who derive 60% of their revenue from the insured or self-insured claim process. CPLIC, RRG is domiciled in Vermont, with its home office located in Tustin, California. At a national level, CPLIC, RRG provides Errors and Omissions insurance and General Liability insurance on a direct to consumer basis and also offers Employment Practices Liability Insurance (EPLI) and Digital Risk coverage (Cyber). CPLIC, RRG maintains a strong surplus to premium ratio through long standing reinsurance partnerships, favorable underwriting results and well positioned investment practices. Visit www.cplic.net for additional information.
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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