Fire Districts of New York Mutual Insurance Co., Inc. (FDM) has once again earned an “A-” (Excellent) Financial Strength Rating (FSR) and an “a-” Long-Term Issuer Credit Rating (ICR) from AM Best. The reaffirmation, effective Oct. 8, 2025, marks the fifth consecutive year that FDM has maintained its Excellent rating — continuing a legacy of financial stability that dates back to the company’s initial FSR assignment in 1990.
“AM Best has assigned a Financial Strength Rating of ‘A-’ (Excellent) and a Long-Term Issuer Credit Rating of ‘a-’ (Excellent) to FDM. The outlook assigned to these Credit Ratings (ratings) is Stable,” reported AM Best. “The ratings reflect FDIG’s very strong balance sheet , strong operating performance , and its appropriate enterprise risk management (ERM).”
AM Best, one of the world’s most respected insurance rating organizations, assigns an “A-” rating to companies demonstrating excellent financial strength and an ability to meet ongoing policyholder obligations.
“Our continued ‘A-‘ rating from AM Best is a testament to the strength of our operations and our dedication to our members,” said FDM’s EVP/COO Roy Denny. “This consistent recognition reaffirms our financial health and our commitment to serving New York’s fire service community.”
Founded in 1978, FDM is a mutual insurance company specializing in coverage under the Volunteer Firefighters’ Benefits Law (VFBL) and New York State Workers’ Compensation Law. The company provides superior claims service and coverage based on 100% earning capacity for all member policyholders across New York State. To learn more about FDM, visit fdmny.com.
ABOUT FDM: Fire Districts of New York Mutual Insurance Co., Inc. (FDM) was formed and is owned by volunteers, for the service of volunteers. Founded in 1978, FDM specializes in Volunteer Firefighters’ Benefits Law and Workers’ Compensation Law, providing superior claims service and coverage based upon 100% earning capacity for all member policyholders across New York State.