COLUMBUS, Ohio, April 20, 2012 /PRNewswire/ -- Westminster American Insurance Company has earned a Financial Stability Rating® (FSR) of A' (A Prime), Unsurpassed, from Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed 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 Westminster American Insurance Company
Westminster American Insurance Company (WAIC) was formed in 1870 as the Mutual Fire Insurance Company of Carroll County. Following demutualization and an infusion of capital in 2005, WAIC has focused on writing commercial habitational and retail property risks throughout the Mid-Atlantic region. Despite a soft insurance market, WAIC has managed to grow its Direct Written Premium for each of the last seven years while maintaining an underwriting profit in each of those years. Visit www.westminsteramerican.com for more information.
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.