SOURCE: Demotech, Inc.

October 22, 2007 06:43 ET

Eldercare Mutual Insurance Company, RRG Earns Financial Stability Rating® of A, Exceptional

COLUMBUS, OH--(Marketwire - October 22, 2007) - Eldercare Mutual Insurance Company, RRG 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 and realistic pricing.

"Demotech's affirmation of the financial strength of Eldercare Mutual reflects the risk retention group's strict risk management and loss control standards, and exceptional performance," said Randall Goss, chairman and CEO of U.S. Risk Insurance Group.

About Eldercare Mutual Insurance Company, RRG

Eldercare Mutual Insurance Company, RRG was formed to meet the needs of nursing homes, assisted living and continuing care retirement communities. Eldercare Mutual serves as an underwriting platform with a wide range of limit options for insurance agents who work with owner/operators of nursing homes, assisted living and other eldercare facilities. The risk retention group is especially valuable for state associations looking for unique and exclusive coverage of its members. U.S. Risk is the program manager for Eldercare Mutual, which is reinsured by an A.M. Best A+ rated insurance company. Underwriting for Eldercare Mutual is performed by three U.S. Risk eldercare underwriting facilities: The U.S. Risk Underwriters offices in Dallas and Houston, and the Lighthouse Underwriters office in Annandale, VA.

U.S. Risk Insurance Group, Inc. is a specialty lines underwriting manager and wholesale broker headquartered in Dallas. Operating twelve domestic and international branches, it offers a broad range of products and services through its affiliate companies, which include U.S. Risk Underwriters, U.S. Risk Brokers, Lighthouse Underwriters, LLC, Boston Insurance Brokerage, Inc., Professional Claims Managers, Omnisure Consulting Group, NCG Professional Risks LTD. (London) and NovaPro Risk Solutions, LP.

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About Demotech, Inc. and Financial Stability Ratings® (FSRs)

Since 1985, Demotech, Inc., a Columbus, Ohio-based financial analysis and actuarial services firm, has provided responsive services to address actuarial and financial analysis issues, whether the issues have been for a particular insurer or prevalent throughout the insurance industry.

Financial Stability Ratings® (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.

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Contact Information

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