| Copyright: | Business Wire | | Source: | Business Wire | | Wordcount: | |
WINTER PARK, Fla.--(BUSINESS WIRE)-- Westcor Land Title Insurance Company, a leading independent underwriter, continues to maintain a Financial Stability Rating® (FSR) of A" (A Prime), Unsurpassed, from Demotech, Inc., an actuarial consulting and financial analysis firm located in Columbus, OH. "Westcor's ability to maintain a strong, conservative balance sheet despite the challenging operating environment reflects their financial stability and commitment to solvency," explains Barry Koestler, Chief Ratings Officer of Demotech.
Additionally, Westcor has been upgraded by LACE Financial Corp. LACE is one of a list of ten credit rating agencies approved by the Securities and Exchange Commission (SEC) to determine financial soundness and creditworthiness. The recent upgrade is a clear indication of Westcor's financial stability and strength.
Westcor's improvements are positive statements of a strong financial position. This optimistic affirmation is impressive especially during fluctuating market conditions. The new standing provides Westcor with greater financial leverage and financial flexibility to continue their forward growth cycle.
A balance of competitive positioning, quality leadership and selective national growth has served Westcor well in 2009. While many other title underwriters weather loss and downgrades, Westcor's business sustains and improves. "We thank our agents for their ongoing commitment to quality and service explains," Mary O'Donnell, CEO and President of Westcor Land Title Insurance Company. "It is their commitment to perform with a consistent standard of excellence that reflects this positive result."
About Westcor Land Title Insurance Company
Westcor Land Title Insurance Company is a leading independent provider of title insurance. As one of the largest independent underwriters, Westcor is dedicated to the support and development of quality independent title agencies. Westcor will not compete against its agents. We are committed to promote stability, growth and continued autonomy of independent title agencies. Our success is defined by our agents' success.
Westcor has a Financial Stability Rating® (FSR) of A" (A Prime), Unsurpassed, from Demotech, Inc. To learn more about Westcor and how you can join the independent movement, visit www.wltic.com, or call 866-629-5842.
MJC PR LLC for Westcor Land Title Insurance Co.
Mary Jo Cioffi, 440-341-1155
maryjo@mjcpr.com
Source: Westcor Land Title Insurance Company
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