COLUMBUS, Ohio, Aug. 27, 2026 /PRNewswire/ — New Hampshire Insurance Commissioner DJ Bettencourt serving as vice chair of the National Association of Insurance Commissioner Northeast Zone has invited Joseph L. Petrelli, president and co-founder, Demotech, Inc. to speak at its upcoming meeting in September 2026.
Petrelli will expand on his presentation to the Market Regulation and Consumer Affairs (D) Committee, chaired by Commissioner Jon Pike, Utah at the NAIC meeting in Louisville, KY, held in March 2023. A brief summary of the presentation in 2023 will recollect the unearthing of the previously covert online business model of technology-enabled claims instigation. The online business model can promulgate litigation at industrial scale by leveraging search engine optimization, pay-per-click advertising, and litigation platforms, often financed by third-party litigation funders.
The 2026 presentation and update to the NAIC will focus on Demotech’s additional research into the mutations within the legal profession, including Big Money securing positions in, or otherwise supporting, the efforts of plaintiff law firms to secure additional litigation.
Petrelli will demonstrate how granularity in the presentation of loss costs could assist regulators, legislators and other stakeholders enhance their analysis of the ultimate drivers of changes, particularly increases, in loss costs caused by what he labeled “claim transitioning.” Claim transitioning measures the relative percentage of reported claims that are closed without payment, closed with a payment, or outstanding. Petrelli will reference the possible need to discern between claims litigated by a policyholder versus claims litigated by a policyholder accessing third-party litigation financing.
About Demotech, Inc.
Incorporated on September 9, 1985, Demotech, Inc. is a financial analysis firm based in Columbus, Ohio. Demotech provides objective and independent Financial Stability Ratings® (FSRs) for Property & Casualty insurers, Life & Health insurers, and Title underwriters, among others. FSRs assist independent, regional and specialty insurers by leveling the insurer ratings playing field. In 1989, Demotech became the first to have its rating process reviewed and accepted by Fannie Mae, Freddie Mac, and, subsequently, HUD. Since that time, Demotech’s FSRs have been leveling the playing field for financially stable insurers of all sizes, writing all lines of insurance. On July 11, 2022, Demotech registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization in the class of Insurance Companies. Visit https://www.demotech.com
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SOURCE Demotech, Inc.
