Demotech Affirms the Financial Stability Rating® Assigned to Safepoint Insurance Company
Columbus, Ohio, December 9, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Safepoint 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 Safepoint Insurance Company
Safepoint is based in Tampa, FL and is a licensed insurance company in Florida, Louisiana New Jersey and Texas. The company specializes in residential property and commercial lines insurance products. Safepoint utilizes independent insurance agents to sell their products. With over $42 Million in policyholder surplus and local presence, Safepoint has the resources to protect your most important assets. The company’s Management Team is comprised of experienced professionals with over 100 years in the insurance industry – nearly half spent in the state of Florida. Safepoint’s mission is to offer superior customer service, competitive coverages, expedited claim service and to give policyholders peace of mind. Their policy issuance system is a state of the art and the company offers market-based coverage options and competitive prices.
Your Peace of Mind Starts Here
- Knowledgeable and friendly staff of insurance professionals
- Variety of payment options including secure on-line payments
- 24/7 Toll Free claim services
- 24 hour policy information via on-line policy system for both customers and agents
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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