Consumer Specialties Insurance Earns “A, Exceptional” Financial Stability Rating

The Consumer Specialties Insurance Company (CSI) has earned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. In its first submission to Demotech, CSI received the A, Exceptional rating, which verifies and validates the legitimacy and financial strength of the program. Demotech, a highly ranked financial analysis firm, assigns this level of FSR to insurers who possess exceptional financial stability associated with maintaining a positive surplus relating to policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.

Founded in 1987 as a Risk Retention Group, CSI formed to meet the insurance needs of manufacturers and distributors of specialty chemical products. CSI is one of many programs sponsored by the Consumer Specialty Products Association (CSPA), the household and institutional products industry leader for advocacy and education. CSPA and CSI have an exclusive, strategic alliance that benefits every policyholder.

“CSPA members insured through CSI now have an additional advantage knowing that CSI’s financial stability has been independently verified by one of the top-ranked firms in the country,” said CSPA President and CEO and CSI President Chris Cathcart. “We are pleased with Demotech’s rating of CSI as a financially stable market. This level of FSR will encourage more participation in CSI as an industry.”

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.


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