Business News

Intermodal Insurance Company RRG Earns Financial Stability Rating® of A, Exceptional

SOURCE:

Demotech, Inc.

2008-04-02 03:37:00

Intermodal Insurance Company RRG Earns Financial Stability Rating® of A, Exceptional

COLUMBUS, OH–( EMWNews – April 2, 2008) – Intermodal Insurance Company RRG has earned a

Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc.

This level of FSR is assigned to insurers who possess exceptional financial

stability related to maintaining positive surplus as regards policyholders,

liquidity of invested assets, an acceptable level of financial leverage,

reasonable loss and loss adjustment expense reserves and realistic pricing.

“We are delighted to earn a Financial Stability Rating® of A from Demotech

because it underscores how successful our insurance program has become for

Intermodal drayage firms throughout the United States,” said Zack Cooper of

the company’s National Program Administrator, Zack Cooper & Associates,

Inc. Cooper said the company achieved an underwriting profit of nearly

$2.5 million in the last two years. Additionally, he said the organization

has achieved a 40% annual growth rate since its inception in 2003.

FSRs summarize Demotech’s opinion of the financial stability of an insurer

regardless of general economic conditions or the phase of the underwriting

cycle. FSRs utilize statutory financial data based on insurance accounting

principles prescribed or permitted by the National Association of Insurance

Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted

by the major participants in the secondary mortgage marketplace, including

Fannie Mae, Freddie Mac and HUD.

About Intermodal Insurance Company, RRG

The Intermodal Captive Insurance Program (ICIP) of Commerce, Calif., offers

truckers’ liability and related insurance coverages to Intermodal drayage

firms throughout the United States. Domiciled in Washington, D.C.,

Intermodal Insurance Company was formed and is owned by the insureds in

this program. Founders of the program are Ronald Guss of Intermodal West,

Inc., Pico Rivera, J. Thomas Avery of Avery & Avery International, Inc.,

Walnut, William A. Cornell, Jr. of the James Brooks Company, Inc., Firant,

C. M. Suh of Calko Transport Co. Inc., Compton, and Asdrubal Gröshel of

Tristar Express, N.C., Inc., Oakland, all of the Intermodal Insurance

Company, which was established in 2003 and is domiciled in Washington,

D.C., and the Intermodal Contractors Association of North America (ICANA).

T. Zack Cooper, Sr., president, Zack Cooper & Associates, is the exclusive

national program coordinator.

About Demotech, Inc.

Since 1985, Demotech, Inc., a Columbus, Ohio based financial analysis and

actuarial services firm, has provided responsive services to address

actuarial and financial analysis issues, whether the issues have been for a

particular insurer or prevalent throughout the insurance industry. As the

first company to have its rating process formally reviewed and accepted by

Fannie Mae, Freddie Mac and HUD, Demotech has been leveling the playing

field by offering Financial

Stability Ratings® (FSRs) to insurers of all sizes. Demotech applies

its broad actuarial and industry experience to its

consulting services, which include pricing analysis and loss and loss

adjustment expense reserve reviews.

Visit http://www.demotech.com for more information.

Contact:
Irisa Wasson
Client Services Coordinator
Tel: 800/354-7207
Email:

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