Island Insurance Recognized as one of the Top Property & Casualty Insurers in the Nation
Island Insurance, Hawaii’s largest locally-owned property & casualty (P&C) insurance carrier, has been named as one of the top 30 companies in the nation to receive the 2015 Demotech Stakeholder Team Accomplishment Recognition (STAR) Award. Island Insurance is the first and only Hawaii-based P&C carrier to receive the STAR award, the second time in the award’s three years.
Each year Demotech analyzes the performance of over 2,600 P&C insurers across the nation and recognizes the top performing companies that meet the award’s strict criteria of: superior operating results, sustained profitability, financial stability and stakeholder satisfaction.
Demotech, Inc., founded in 1985, is a consulting firm that provides financial stability ratings for property and casualty insurance companies and is the official insurance research partner of Insurance Journal, a leading insurance news publication. Demotech also provides reports on insurance industry performance and financial results to news organizations and is also the first insurance rating organization to have its ratings process reviewed and approved by HUD, Fannie Mae and Freddie Mac.
Island Insurance Company, Ltd. is Hawaii’s largest locally-owned insurance carrier, offering a full range of property and casualty protection. Founded in downtown Honolulu, Island Insurance has been serving Hawaii’s families and businesses for 75 years. Island Insurance is the only Hawaii-based company to be recognized as one of the Top 50 property & casualty (P&C) insurers in the nation by the Ward Group for eight consecutive years and as one of Demotech’s STAR Award recipients for two years. Island Insurance holds a financial strength rating of “A” (Excellent) from A.M. Best Company. For more information, visit www.islandinsurance.com.
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