COLUMBUS, Ohio, May 7, 2014 /PRNewswire/ -- Demotech, Inc. is pleased to announce the selection of Michael Romano as the initial recipient of the Michael Gold Summer Internship. Demotech established The Michael Gold Summer Internship in honor of the late Michael Gold, co-founder, CEO and inspiration of People's Trust Insurance Company, a Florida based provider of homeowner insurance.
According to Demotech co-founder and President, Joseph L. Petrelli: "Mike Gold was an innovative and competitive business professional who always made an effort to understand the position of those who might not fully agree with him. The Michael Gold Summer Internship will focus on helping a student develop their business strengths and develop out of the box thinking skills that Mike Gold often demonstrated. Demotech will utilize this internship to mentor a qualified intern with an interest in insurance or finance and utilize his or her creativity to address challenges while simultaneously exemplifying teamwork and collegiality."
The 2014 Michael Gold Summer Intern, Michael Romano, is a student at Lynchburg College, in Virginia. He is majoring in Mathematics and Economics with an emphasis on finance and a double minor in German and Leadership Studies. In addition to maintaining an exceptional grade point average at Lynchburg College, he has been an active member of United Synagogue Youth and a volunteer at a Jewish Home. Michael will begin his internship on June 11, 2014 and return to Lynchburg College for the fall semester.
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, regardless of financial size. Visit www.demotech.com for more information.
About People's Trust Insurance Company
Founded in 2008, People's Trust Insurance Company provides innovative solutions for affordable homeowner's insurance coverage with a fully integrated concierge claims service. Now providing insurance coverage to over 130,000 Florida homeowners, the company has invested $8 million in a new corporate headquarters and has relocated to a 10-acre campus at the Research Park at FAU in Deerfield Beach.
In an industry not known for innovation, People's Trust has become a leader by taking an innovative approach to solving one of the state's more serious challenges of unaffordable homeowner's insurance premiums. With a unique approach of cost containment and fraud prevention in the claims process, People's Trust is better able to provide customers with affordable rates and quality customer service. By responsibly resolving claims and professionally repairing damage to customer's homes, People's Trust is able to pass those cost savings back to customers in the form of lower and more predictable premiums.
SOURCE Demotech, Inc.