CHICAGO, June 10, 2022 (GLOBE NEWSWIRE) — Prime Insurance Company today announced that it has been awarded an unparalleled Financial Stability Rating® of “A” (A Double Prime) from Demotech, Inc.
Demotech, Inc., is a financial analysis firm that provides Financial Stability Ratings® (FSRs) for property and casualty insurance companies, securities underwriters and other risky entities.
Additionally, Prime Insurance Company’s affiliate, Prime Property & Casualty Insurance Company Inc., received a Financial Stability Rating® of A, Outstanding, from Demotech, Inc.
According to Demotech, “regardless of the severity of a general economic slowdown or deterioration in the insurance cycle, policyholders receiving an A” (A Double Prime) or A, Exceptional rating possess unparalleled financial stability linked to the maintenance of a positive surplus vis-à-vis the insured. “We couldn’t be happier,” said Rick J. Lindsey, CEO and President of Prime Insurance Company, “because Demotech’s ratings reflect our unwavering commitment to our customers and our growth. »
Prime Insurance Company offers innovative liability solutions for specialty risks. For more than 40 years, Prime Insurance Company has been a leader in excess and excess lines insurance, providing coverage for many people who would otherwise be forced to go uninsured or self-insure their risk.
Prime Property & Casualty Insurance Inc. underwrites commercial automobile coverage on an admitted basis in the following states: Florida, Illinois, Kansas, Kentucky, Massachusetts, Minnesota, North Carolina, New Jersey, New Mexico, Nevada and South Carolina.
Lindsey adds, “With over 40 years of experience, we have handled over 70,000 claims. We look forward to continuing to serve our customers with our proven partnership approach and the financial stability they can count on.”
Major insurance companies have offices in Salt Lake City, UT; Chicago, Ill.; Naples, Florida and Exton, Pennsylvania. For more information, visit www.primeis.com.
Contact: Rick J. Lindsey, Chairman, CEO and President, [email protected] or call 801-304-5510.
The most recent Financial Stability Rating® should be verified by visiting www.demotech.com
Image 1: PRime insurance company logo
Picture 2: PPCI company logo
This content was posted through the press release distribution service on Newswire.com.
Copyright 2022 GlobeNewswire, Inc.