COLUMBUS, Ohio, April 17, 2012 /PRNewswire/ -- First National Title Insurance Company has earned a Financial Stability Rating® (FSR) of S, Substantial, from Demotech, Inc. This level of FSR is assigned to insurers who possess substantial 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 First National Title Insurance Company First National Title Insurance Company was formed with the vision of meeting the underwriting needs of independent title agents, guided by a management team with many years of title industry experience. Our mission is simple—to deliver the highest customer service levels in the title insurance industry. First National Title strives to be the underwriter you rely upon to answer your underwriting concerns, to assist with your educational needs, and to be the underwriter you count on to keep the interests of the independent title agent at the forefront of our efforts. Long term, we intend to become your independent underwriter of choice.
We look forward to meeting these goals and earning your business as the underwriter you "know, like, and trust."
About Demotech, Inc. Demotech, Inc. is a financial analysis firm located in Columbus, Ohio. Since 1985, Demotech has been serving the insurance industry by providing actuarial consulting and accurate and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurance companies and Title underwriters. FSRs are a leading indicator of the financial stability of a company. Our rating process provides an objective baseline and insight into the future solvency of a company. As an independent financial analysis firm, Demotech has a proven track record of predicting financial stability in the insurance industry and has been leveling the playing field by offering FSRs to insurers of all sizes.