Demotech Affirms the Financial Stability Rating® Assigned to Housing & Redevelopment Insurance Exchange (HARIE)

Columbus, Ohio, December 20, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Housing & Redevelopment Insurance Exchange (HARIE) 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 Housing & Redevelopment Insurance Exchange (HARIE)

The Housing and Redevelopment Ins. Exch. (aka HARIE) is domiciled in Pennsylvania and is a licensed and fully regulated reciprocal exchange writing property, general liability, commercial auto, workers compensation, and fidelity coverages for it’s members. HARIE was formed in 1985 by a group of PA Housing Authorities in response to the ongoing liability crisis at that time. It officially commenced business on July 1, 1986 with the issuance of its first General Liability policies to the founding member Authorities. At present Membership is restricted to Housing and/or Redevelopment authorities in the commonwealth of PA as well as other governmental entities including municipalities, townships, water authorities, counties, school districts and others. HARIE’s mandate is to provide exceptional service at reasonable and stable pricing for our Governmental insureds.

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.

# # #