Wichita Falls-based Beacon Insurance Group, which includes Beacon National Insurance Company, First Preferred Insurance Company, Petrolia Insurance Company and Beacon Lloyds Insurance Company, annuounced it has earned a financial stability rating (FSR) of “A,” Exceptional, from Demotech Inc.
This level of financial stability rating is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels.
The Beacon Insurance Group is an admitted carrier in Texas, Arkansas and Tennessee writing both personal lines and commercial lines insurance for 385 independent insurance agents.
Was this article valuable?
Here are more articles you may enjoy.
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Space Startups Seek Insurance for Orbital AI Data Centers 
Intersecting Risks and the Future of Construction Insurance 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
