Demotech Affirms the Financial Stability Rating® Assigned to Specialty Risk of America

Columbus, Ohio, November 17, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Specialty Risk of America 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 Specialty Risk of America

Specialty Risk of America “SPRISKA” is an Illinois domiciled stock property and casualty insurance company. The Company was incorporated in 1985 under the name of Springfield Fire & Casualty Company. The current name was adopted in 2011. SPRISKA operates under an Underwriting Management Agreement with its parent Special Insurance Services, Inc. d/b/a SPRISKA Brokerage. SPRRISKA specializes in providing commercial property and casualty insurance coverage to the hospitality industry. SPRISKA currently underwrites business in Illinois, Indiana, and Iowa with plans to expand its geographic footprint in 2020.

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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