SOURCE: Demotech, Inc.

July 08, 2008 06:26 ET

Texas Builders Insurance Company Earns Financial Stability Rating® of A', Unsurpassed From Demotech, Inc.

COLUMBUS, OH--(Marketwire - July 8, 2008) - Texas Builders 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 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 Texas Builders Insurance Company

Texas Builders Insurance Company is domiciled in Texas and operates as an admitted carrier writing workers' compensation insurance. Texas Builders Insurance Company is actively seeking qualified independent agents including those located in rural areas and smaller towns. The Company does not have a per-policy minimum premium; however, it does prefer agencies capable of producing at least $5,000 in premium per year.

Agency appointments can be coordinated by contacting Ms. Teresa Pacheco at (512) 708-0148 or TPacheco@TBIC.com. For more information, http://www.tbic.com.

About Demotech, Inc.

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. 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 Financial Stability Ratings® (FSRs) to insurers of all sizes. Demotech applies its broad actuarial and industry experience to its consulting services, which include pricing analysis and loss and loss adjustment expense reserve reviews.

Visit http://www.demotech.com for more information.

Contact Information

  • Irisa Wasson
    Client Services Coordinator
    Tel: (800) 354-7207
    Email: Email Contact