Demotech Represented on Inaugural Board of Directors of the FAIR Foundation
COLUMBUS, Ohio, May 14, 2018 /PRNewswire/ — Sharon Romano Petrelli, CPCU, AIAF, CCP, ARC, Vice President and co-founder, Demotech, Inc. was named to the inaugural board of the FAIR Foundation on May 1, 2018. The FAIR Foundation was formed to educate consumers on the risks of water, wind, and other natural disasters, promoting wind and flood mitigation and reducing uninsured risk.
According to Ms. Romano Petrelli, “From 1996 to date, Demotech has been actively involved in stabilizing and strengthening Florida’s property insurance marketplace. I have seen firsthand how education and information has assisted the Florida Association for Insurance Reform work with the legislature, regulators, and the administrative arms of government. The FAIR Foundation’s message of safer, stronger, more resilient communities will also focus on education, risk mitigation, and insurance as a stabilizing force. I want to assist the FAIR Foundation bring this message to each of the communities served by the fine carriers that Demotech reviews and rates countrywide.”
Other members of the board are:
Peter “Duke” DeLuca, Brigadier General, United States Army (Retired) Former Commandant, US Army Engineering School
John Ellison, Senior Vice President and Treasurer (Retired), AARP
Mel Feinberg, President and CEO, Florida Home Improvement Associates
Ron Klein, Shareholder, Holland & Knight, Former United States Congressman
Kevin McCarty, President, Celtic Global Consulting, Former Florida Insurance Commissioner Past President, NAIC
Jay Neal, President and CEO, FAIR Foundation, Florida Association for Insurance Reform
Ron Sachs CEO, Sachs Media Group
Guy McClurkan, Executive Director, FAIR Foundation, stated, “Our board members bring an extensive amount of experience, executive leadership, and knowledge. I look forward to working with the board to continue creating safer communities and educating consumers.”
The FAIR Foundation is a 501(c)(3) nonprofit organization, conceived to create safer, stronger, more resilient communities by educating consumers on the risks of water, wind, and other natural disasters, promoting wind and flood mitigation, and reducing uninsured risk. We work tirelessly with our team of corporate and individual sponsors to protect property owners from avoidable losses before, during, and after catastrophic events.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Visit www.demotech.com for more information.
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SOURCE Demotech, Inc.