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Posted on 12 Jul 06
Eldercare Mutual Insurance Company, a risk retention group (RRG) formed to
meet the needs of nursing homes, assisted living and continuing care retirement
communities, has been awarded an A (Exceptional) Financial Stability Rating® by
Demotech, Inc.
"Eldercare Mutual is a financially strong RRG and we are excited and gratified
to see it receive an A rating from Demotech," said Randall Goss, chairman and
CEO of U.S. Risk Insurance Group.
Eldercare Mutual is reinsured by ACE with a cut-through letter available.
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.
"Eldercare Mutual provides our agents with a flexible underwriting platform and
offers a wide range of limit options," said Art Seifert, president of U.S. Risk
Underwriters and CEO of Lighthouse Underwriters. "The RRG is a great vehicle
that an agent to use for a state association looking for unique and exclusive
coverage of its members."
Demotech, Inc., a financial analysis and actuarial services firm serving the
insurance industry, provides a wide range of services including pricing
analysis, state filings assistance, Financial Stability Ratings® and support for
other required regulatory reporting.
About U.S. Risk Insurance Group
U. S. Risk (www.usrisk.com) is a specialty lines underwriting manager and
wholesale broker located in Dallas, Tex. 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, Professional Claims Managers, Omnisure Consulting Group, NCG
Professional Risks Ltd., and Ward-U.S. Risk.
Storefront owner Lighthouse Underwriters is an operating division of U.S. Risk
Underwriters. Additional information can be found at
http://www.programbusiness.com.
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