First Community Insurance Company has earned a Financial Stability Rating (FSR) of A-Exceptional from Demotech, Inc.
FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). For more than a decade, FSRs of A or better have been accepted by the major participants in the secondary mortgage market, including Fannie Mae, Freddie Mac and HUD.
First Community Insurance Company is a sister company of Bankers Insurance Company. Bankers Insurance Group is the parent of both insurance companies. First Community Insurance Company’s main lines of business include homeowners, dwelling fire, excessive flood, companion flood, business owners policy, commercial package policy and vector insurance. They are licensed solely in Florida and serve the insurance needs of both residents and business owners.
Since 1985, Demotech, Inc., a Columbus, Ohio based financial analysis and actuarial services firm, has been serving the insurance industry, providing a wide range of services including pricing analysis, state filings assistance, Financial Stability Ratings and support for other required regulatory reporting. For more information, see www.demotech.com.
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