Demotech Assigns Financial Stability Rating® to Healthcare Professionals Long Term Care RRG, Inc.
Columbus, Ohio, February 17, 2021: Healthcare Professionals Long Term Care RRG, Inc. has earned a Financial Stability Rating® (FSR) of A, Exceptional, from 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 Healthcare Professionals Long Term Care RRG, Inc.
Healthcare Professional Long Term Care Risk Retention Group, Inc. (HPLTC) provides professional and general liability insurance to Senor Living Facilities across the Country. HPLTC operates on the principals of consultative risk management, vigorous claims defense, financial strength, and premium stability. As a Risk Retention Group, the company is owned by policyholders, and their goal is to provide affordable stable premiums, not profits for third-party shareholders. HPLTC is owned and directed by healthcare facilities that are committed to defending and rewarding the practice of patient safety and quality care.
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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