Demotech Affirms the Financial Stability Rating® Assigned to Fire Districts of New York Mutual Insurance Company, Inc.

Columbus, Ohio, November 17, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Fire Districts of New York Mutual Insurance Company, Inc. 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 Fire Districts of New York Mutual Insurance Company, Inc.

Fire Districts of New York Mutual Company (FDMNY), located in Pearl River, NY, was formed in 1978 as a result of several fire districts recognizing that claim handling and overall service could be significantly improved to meet the specific needs of the volunteer fire service. In 2009, FDMNY added two subsidiary companies to further enhance the quality of its services. FDMNY primarily insures volunteer firefighters workers’ compensation coverage under the Firefighters Benefit law (VFBL) across New York. The company has demonstrated a strong financial position due to its conservative yet progressive management philosophy. For more information, please visit

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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