Demotech: The Unsung Hero of Insurance Ratings
What Is Demotech and Why Does It Matter for Insurers?
Founded in 1985, Demotech, Inc. is a trusted financial analysis firm specializing in financial stability ratings for specialty and regional insurers. Headquartered in Columbus, OH, Demotech provides objective and independent Financial Stability Ratings (FSRs) for Property & Casualty insurance companies, Life & Health insurers, and title underwriters, helping insurers demonstrate financial strength and stability in a competitive market.
As the first company to have its rating process formally reviewed and accepted by Fannie, Freddie Mac, and HUD, Demotech has been leveling the playing field by offering FSRs to insurers of all sizes. As of July 11, 2022, Demotech is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization(NRSRO) in the class of ratings for insurance companies.
For regional and specialty insurers, Demotech serves as a crucial partner in demonstrating financial strength and securing market opportunities. Its independent and objective ratings process provides insurers with the recognition they deserve, helping them showcase their financial stability and gain credibility in the industry. As regulatory landscapes continue to evolve, Demotech’s role in supporting insurers remains as relevant as ever, helping both insurers and policyholders navigate an increasingly complex financial environment.
Ten Four Truck Insurance: Providing Strong, Reliable Coverage for Trucking Operations
Ten Four Truck Insurance is a national group of captive insurance companies that only write insurance coverage for trucking operations. Specifically, our liability coverage is written through Circle Star Insurance Company, a RRG, NAIC#: 11839.
When it comes to trucking insurance, a company’s financial rating matters more than most people realize. A strong rating signals that an insurer is financially stable and has the ability to pay claims reliably. That’s especially important in the trucking industry, where claims can be complex and costly.
In fact, many brokers and shippers require carriers to carry insurance from a highly rated company before they’ll agree to work together. It’s part of their own risk management, and sometimes even a contractual requirement. For trucking businesses, working with a reputable insurer also boosts credibility, helps with regulatory compliance, and provides peace of mind knowing their coverage will hold up if a serious claim arises.
Since 1992, we have been a trusted provider in the trucking insurance industry, serving brokers and fleets across the country. We are domiciled in Vermont and operate under the strict regulatory standards of the Vermont Insurance Regulatory Department and the 48 states where we do business. We’re always available to address any questions and provide clarity on our financial strength and coverage options.