In September, The Mutual was
honored to receive Demotech’s 2017 Stakeholder Team Accomplishment Recognition (STAR) Award. The Mutual’s Board, Management and staff are particularly gratified by this achievement as STAR Award winners are insurance companies
that not only meet profitability and financial metrics, but also satisfy
insureds, regulators, producers, consumers, claimants, reinsurers, employees
and owners.
Demotech, established in 1985, is a financial analysis firm serving the insurance industry by providing accurate
and proven Financial Stability Ratings and consulting services to Property
& Casualty insurance companies. Demotech created the STAR Award in
2013 to recognize Property & Casualty companies that satisfy all
stakeholders by meeting or exceeding objective financial criteria.
In 2017, twenty-two (22) insurance
companies earned the STAR Award, comprising only one percent (1%) of 2,628
eligible Property & Casualty insurers Demotech evaluated. The STAR
Award winners were found by Demotechto have achieved profitability and
financial stability while simultaneously addressing the needs of their
constituents.
The Mutual is proud of
this accomplishment and will strive to continue to earn the STAR Award in the
years ahead.