COLUMBUS, Ohio, Nov. 3, 2011 /PRNewswire/ -- National Assisted Living 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, including Fannie Mae, Freddie Mac and HUD.
About National Assisted Living RRG, Inc.
National Assisted Living RRG, Inc. (NALRRG) is a Washington, DC domiciled insurance company organized according to the 1986 Federal Risk Retention Act. NALRRG has been in business since 2003 and has a track record of financial stability. General and Professional Liability insurance coverages are provided for assisted living facilities. Insureds are stockholders in the company and exercise their rights to participate in company management. NALRRG was formed by some members of the North Carolina Association Long Term Care Facilities. Venture Captive Management, LLC, professional insurance managers, manages the day-to-day operations of NALRRG.
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. As the first company to have its rating process formally reviewed and accepted by Fannie Mae, Freddie Mac and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes.
Visit www.demotech.com for more information.
SOURCE Demotech, Inc.