Demotech Affirms Financial Stability Rating® Assigned to First National Title Insurance Company
Columbus, Ohio, March 15, 2023: The Financial Stability Rating® (FSR) assigned to First National Title Insurance Company has been upgraded to A’ (A Prime), Unsurpassed, from 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 First National Title Insurance Company
First National Title Insurance Company was formed with the vision of meeting the underwriting needs of independent title agents, guided by a management team with many years of title industry experience. Their mission is simple—to deliver the highest customer service levels in the title insurance industry. First National Title strives to be the underwriter you rely upon to answer your underwriting concerns, to assist with your educational needs, and to be the underwriter you count on to keep the interests of the independent title agent at the forefront of our efforts. Long term, we intend to become your independent underwriter of choice.
First National Title Insurance Company looks forward to meeting these goals and earning your business as the underwriter you “know, like, and trust.”
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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