Demotech, Inc. Publishes Strength through the Storm - Thoughts on the 2017 Natural Disasters in the US

COLUMBUS, Ohio, July 10, 2018 /PRNewswire/ -- Demotech, Inc. and Security First Insurance Company are pleased to announce the availability of Strength through the Storm, Promises Made, Promises Kept.  According to Barbara Albert, Executive Editor, "While Demotech addressed the unprecedented activity and cost of the 2017 storm season, we also focused on responses and activities that would otherwise go unreported. Oklahoma Insurance Commissioner Doak emphasized the way building codes enhance the resiliency of structures, while Kristen Knapp reported the ways seniors in health care facilities were served during emergencies. OhioHealth commented on the protection of patients during challenges to supply chains. The inspiring stories of neighbors helping neighbors were fascinating additions to our summary."

Sharon Romano Petrelli, CPCU, AIAF, CCP, ARC, Vice President and co-founder of Demotech, noted that Demotech viewed the events of 2017 from an emergency management perspective rather than strictly an insurer catastrophe viewpoint.  "Although Harvey, Irma, Maria, and California wildfires dominated the headlines, the number of major disaster declarations issued by the Federal Emergency Management Agency is eye-opening.  Our intern, John Dimond, spent most of the spring of 2018 gathering that information."

W. Lockwood Burt, founder, President, and Chief Executive Officer of Security First Insurance Company, a sponsor of this special issue of The Demotech Difference, saw numerous facets of the devastation that Irma inflicted.  "We turned conference rooms into day care centers so that our employees could respond to claimants.  I saw our employees leave a long shift at the office and drive to community centers where they assisted those who were displaced by Irma."

Included in the publication is an interview with Puerto Rico Commissioner Javier Riviera Rios, LUTCF, who had to respond to an unprecedented series of storms with less than one year on the job. Lou Paulson, President of California Professional Firefighters and an experienced leader with 30 years of frontline firefighting, discussed the challenges of California fires and the need to be prepared.

Joseph L. Petrelli, ACAS, ASA, MAAA, FCA (MBA), President and co-founder of Demotech, added "Making and keeping promises is a critical component of all insurance coverage.  Demotech is pleased to report that every insurer that we reviewed and rated in 2017 including the thirteen licensed in Puerto Rico withstood the disasters of 2017 and continue to honor meritorious claims."

Strength through the Storm is available online at http://www.demotech.com/pdfs/demotech_difference/flexpaper/Strength_Through_The_Storm/index.html.  A hard copy is available by calling (800) 354-7207 or emailing a name, address, and contact information to inquiry@demotech.com.

About Demotech, Inc.

Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers.  Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings^® (FSRs) to Property & Casualty insurers and Title underwriters.  Demotech's philosophy is to review and evaluate insurers based on their area of focus and the execution of their business model rather than solely on financial size.  Visit www.demotech.com for more information.

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SOURCE Demotech, Inc.