The Significance of Excellent Financial Ratings
The financial stability of a title insurance company is directly related to its claims-paying ability – an important factor in today’s economic environment. For policyholders, lenders, and investors, the knowledge that your title insurance company and its resources will be there when you need them is essential. As with other financial institutions, title insurance companies look to independent rating companies to make an impartial determination of financial strength.
Doma has been a leader in the title and escrow industry for over 60 years. Our technology, processes, and partnerships have built capital strength to ensure that we’ll continue to be a leader in the $23B real estate closing market for many decades to come.
Doma Title Insurance. Inc, formerly known as North American Title Insurance Company (NATIC), has demonstrated the ability to increase statutory surplus levels, post underwriting profits, manage expenses and limit losses. This ability has been recognized by Doma’s earning exemplary financial ratings from Demotech and Doma’s Reinsurer SCOR from A.M. Best. Compared to both regional underwriters and the large, national underwriters, Doma’s showing is exceptional.
Each agency affirms its ranking in a different format. Financial rating company Demotech, Inc., awarded Doma (formerly NATIC) the Financial Stability Rating© of “A’ (A Prime) Unsurpassed.” Title underwriters receiving the CRER recommendation “have adequate financial resources of their own and significant in-house capacity and expertise, or they have access to the necessary resources because of their placement of reinsurance coverage.” And Doma’s Reinsurer SCOR has been rated “A+ for financial strength” from A.M. Best.
These noteworthy ratings all add up to one fact: Regardless of economic downturns or deteriorations of insurance cycles, Doma possesses unmatched financial strength and stability. For lenders, attorneys, law firms, commercial brokers, builders, and developers, the evidence is even clearer. Doma’s financial resources as well as its responsive and experienced underwriters make Doma a wise choice for your real estate transaction.
To learn more about Doma’s ratings, visit Demotech, Inc. at www.demotech.com and learn about SCOR’s Reinsurers rating from A.M. Best at www.scor.com.
