Demotech Affirms the Financial Stability Rating® Assigned to Building Industry Insurance Association, Inc.

Columbus, Ohio, October 14, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to Building Industry Insurance Association, 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 Building Industry Insurance Association, Inc.

Building Industry Insurance Association (BIIA) has provided a stable market for Virginia Insurance Agents and their best customers for more than two decades. BIIA is proud of the assigned FSR of A, Exceptional, and feels it reflects their first responsibility to the Virginia Business’ that have placed their trust in them … Be responsive to their needs while maintaining exceptional financial sustainability.  At BIIA, their quality lines of insurance products and speed of service set them apart from the competition. By diversifying their mix of insurance products, and geographical spread across Virginia, BIIA continuously displays strong, steady, profitable, growth. Their seasoned underwriting team has been tested by insurance market fluctuation time and time again. In house expertise positions BIIA to respond to the ever-changing needs of the market place while providing stability for complex commercial risks.

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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