Month: September 2021

A.M. Best vs. Demotech: You decide

Steve GoliaLeave a comment

Insurance companies are often rated by Demotech and A.M. Best. They both claim to be superior.  So which one is actually better?

A.M. Best has a 100 year history.  There are no bikers with A.M. Best tattoos, but they must be doing something right.

Demotech is also a force in the ratings war. In 1990 they were acknowledged by Fannie Mae & Freddie Mac.  After hurricane Andrew in 1993, Demotech rose to prominence when they filled a rating void in the southern states.

They both have their fans.  Both are relevant.  That’s why we are especially proud that FIA Surety is highly rated by both!  A.M. Best says Excellent and Demotech says Exceptional!”

Might be an awesome tattoo?

Find out why A.M. Best rates us Excellent!  Call FIA Surety with your next Subdivision Bond.  We’ve been a steady provider for more than 40 years.

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

Visit us: www.fiasurety.com
We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

BIG News! A.M. Best rates FIA Surety

Steve GoliaLeave a comment

We’re pleased to announce the newest addition to FIA’s credentials.

We now are rated by A.M. Best.

“FOR IMMEDIATE RELEASE

OLDWICK – SEPTEMBER 16, 2021 03:21 PM (EDT)

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-”(Excellent) to First Indemnity of America Insurance Company (FIAIC) (Morris Plains, NJ). The outlook assigned to the Credit Ratings (ratings) is stable.

The ratings reflect First Indemnity’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.”

Read the entire announcement here.

For more than 40 years, FIA Surety has been an enthusiastic writer of Site and Subdivision Bonds.

Stability. Fast, flexible underwriting. A “can-do” attitude, plus an A- rating from A.M. Best. You get it all over here. Call us!

FIA Surety / First Indemnity of America Insurance Company

2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417

Check out the surety webinars in our Free CE School: https://fiasurety.blog/2020/08/16/free-ce/

Next webinar: 10/1/21

We are currently licensed in: NJ, PA, DE, MD, VA, NC, SC, WV, TN,  FL, GA, AL, OK, TX

Sub-D Bonds: Like Pulling Teeth?

Steve GoliaLeave a comment

Cringe when your client’s need subdivision bonds? Why is that? Why is it so hard?

Probably because you’re going to a market that doesn’t write them, or basically dislikes writing them. So getting an approval is like. Well… you know.

The solution OBVIOUSLY is to use a market that loves them, thinks they’re fun. OK, maybe we don’t think they’re fun, but we do like to write them, all sizes and shapes.

For more than 40 years, FIA Surety has been an enthusiastic writer of site and subdivision bonds. We handle one shot deals and big regional developers.

FIA Surety provides A rated, T-listed bonds in every state with the support of our national partners.

Stability. Fast, flexible underwriting. A “can-do” attitude. You get it all over here. Call us!

FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Ste. 205
Morris Plains, NJ 07950
Office: 973-541-3417

http://www.FIASURETY.com

Check out the surety webinars in our Free CE School: https://fiasurety.blog/2020/08/16/free-ce/