COLUMBUS, Ohio, Jan. 24, 2018 /PRNewswire/ -- Glenn W. Clark, CPCU, President and CEO, Rockwood Programs, is pleased to announce that Rockwood Programs has enhanced its agent errors and omissions insurance program to extend insolvency coverage to carriers rated A or better by Demotech, Inc., the Columbus, Ohio, based financial analysis and actuarial services firm.
According to Clark, "With more than 400 insurers reviewed and rated countrywide, Demotech has created a niche in the regional and specialty insurer market that cannot be ignored. They have provided us with objective evidence related to their ability to review and rate insurers, and the producers utilizing those 400 plus insurers need and deserve the insolvency protection that Rockwood Programs can now provide to them. We will soon be updating our policies, website and other informational materials to reflect this enhancement of coverage. An enhancement that will be made at no cost to our insureds!"
Demotech's President and co-founder Joseph Petrelli is appreciative, stating "Glenn Clark and his markets have a well-earned reputation for focusing on the needs of their insureds. Demotech is pleased to have successfully completed this due diligence of Financial Stability Ratings®."
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) to Property & Casualty insurers and Title underwriters. Demotech's philosophy is to review and evaluate insurers based on their area of focus and the execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
About Rockwood Programs
Rockwood Programs is a Wilmington, Delaware, based administrator of several countrywide management liability programs. Rockwood has been one of the premier providers of insurance agent E&O for nearly fifteen years. The program covers P&C retail agents as well as newly licensed agents. Visit www.rockwoodinsurance.com for more information on reasonably priced professional liability coverage focused on the contemporary coverage needs of professionals.
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SOURCE Demotech, Inc.