September 13, 2022: A Financial Stability Rating® (FSR) of A, Exceptional, has been assigned to PracticeProtection Insurance Company (a Risk Retention Group) by 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 (L&LAE) and realistic pricing.
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.
About PracticeProtection Insurance Company (a Risk Retention Group):
PracticeProtection is dentist-owned and directed and was founded by dentists, dental industry experts and professional liability insurance professionals and was created to provide the ultimate solution for the protection of America’s dental professionals and their practices. PracticeProtection offers its dental malpractice insurance policies directly to dental professionals and our philosophy and disciplined underwriting leads to less risk and fewer claims, creates better financial results, and allows us to provide lower rates and consistent pricing.
The company’s dental professional liability insurance (aka “dental malpractice insurance” or “medical malpractice insurance”) product for dental professionals has the same features and provides the same coverages as other carriers, but we pride ourselves on our superior customer service, pricing, and claims handling.
PracticeProtection’s mission is to Prevent, Protect and Reward its members by providing unsurpassed protection at an industry-leading value through a team of dedicated experts.
PracticeProtection is domiciled in Alabama and has offices in Fort Wayne, Indiana, Oak Park, Illinois and Jacksonville, Florida. More information is available on the web at https://www.PracticeProtection.com/dentists.