Industry Updates

Fire Districts of New York Mutual Insurance Co., Inc. Receives Demotech 2024 Stakeholder Team Accomplishment Recognition™ (STAR) Award

 Fire Districts of New York Mutual Insurance Co., Inc. (FDM) has  earned the prestigious Demotech Stakeholder Team Accomplishment Recognition (STAR) Award in the State Specialist category. This award marks the first time that FDM has earned this honor. “We are thrilled to be one of the select companies receiving this recognition for our ability to

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Fire Districts of New York Mutual Insurance Co., Inc. Maintains “Excellent” AM Best Rating

 Fire Districts of New York Mutual Insurance Co., Inc. (FDM) has maintained its AM Best “A-” rating in the Financial Strength and Long-Term Issuer Credit Rating categories for the fourth consecutive year.  “AM Best has assigned a Financial Strength Rating of ‘A-’ (Excellent) and a Long-Term Issuer Credit Rating of ‘A-’ (Excellent) to FDM. The

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Self Insurance Vs. FDM: What are the Advantages?

Taking good care of your volunteers and employees and maximizing your department’s finances are critical to your success. It is important to understand the “Pros and Cons” of whether to choose a self-insurance program or insurance through Fire Districts of NY Mutual Insurance Co., Inc. (FDM) for Volunteer Firefighters’ Benefits Law (VFBL) and Workers’ Compensation

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Fire Districts Mutual of New York Maintains AM Best Rating for Third Consecutive Year

Fire Districts of New York Mutual Insurance Co. Inc. (FDMNY), has maintained its AM Best “A-” rating in the Financial Strength and Long-Term Issuer Credit Rating categories for the third consecutive year.  “AM Best has assigned a Financial Strength Rating of ‘A-’ (Excellent) and a Long-Term Issuer Credit Rating of ‘A-’ (Excellent) to FDMNY. The

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NY Volunteer Fire Departments Gear Up for Annual Recruitment Weekend

Volunteer fire departments across New York State will open their doors and fire truck bays to local residents during the weekend of Saturday, April 26 and Sunday, April 27 as part of the fourth annual RecruitNY statewide volunteer firefighter recruitment effort.  RecruitNY is designed to help increase volunteer membership which has suffered over the last

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Fire Districts Mutual of New York earns AM Best Rating for second consecutive year

Fire Districts of New York Mutual Insurance Company, Inc. (FDMNY), has maintained its AM Best “A-” rating in the Financial Strength Rating and Issuer Credit Rating categories for a second consecutive year. “AM Best has assigned a Financial Strength Rating of ‘A-’ (Excellent) to FDMNY. The outlook assigned to these Credit Ratings (ratings) is stable,”

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NEW EMFs for all NYS Employers (2023)

We have an important insurance update to share regarding all Workers Compensation and/or Volunteer Firefighter Benefits Law (VFBL) policyholders in New York State. This applies to all insurance companies and providers doing business in New York State. The New York Compensation Insurance Rating Board (NYCIRB) has implemented a new calculation this year to determine the

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Dangerous Opiate

On Sunday, March 12, 2017 Long Island’s Newsday published an article entitled “Bracing for Deadly Drug to Hit LI”. Below is an excerpt from the article for your information. The emphasis was not part of the original statement. “Carfentanil is 100 times stronger than fentanyl, the most powerful opiate available for use in medical treatment,

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