Demotech Gives Nationwide of Florida an ‘A’ Rating

Demotech Inc. has confirmed that a Financial Stability Rating (FSR) of A, Exceptional, remains in place for Nationwide Insurance Company of Florida. The confirmation comes after NICOF received a capital infusion from Nationwide Mutual Insurance Company. NICOF is a wholly-owned subsidiary of Nationwide Mutual Insurance Company.

Nationwide, based in Columbus, Ohio, is a large diversified insurance and financial services organizations with more than $157 billion in assets. The company provides a full range of insurance and financial services. Nationwide companies include the country’s seventh-largest Property and Casualty, the fourth-largest homeowners and the sixth-largest auto insurance group.

Topics Florida