The 2005 annual statements of Southern Family Insurance Co., Atlantic Preferred Insurance Co. and Florida Preferred Insurance Co. have been posted on the Internet by Kevin McCarty, Florida Insurance Commissioner. “I wanted everyone to see what my financial solvency people …
Exotic Warranty Company has been ordered into receivership for purposes of liquidation by Judge Thomas H. Bateman III of the Second Judicial Circuit Court in Leon County and the Florida Department of Financial Services named Receiver. A Florida corporation since …
As another hurricane season fast approaches, Mississippi Insurance Commissioner George Dale is encouraging Mississippi Gulf Coast residents to buy flood insurance with a simple message, it’s a bargain considering the alternative. Dale said not having flood coverage could result in …
Birmingham, Ala.-based Infinity Property and Casualty Corp. filed its first-quarter results, reporting a 21 percent increase in net income, while total revenues decreased 3.4 percent and gross written premiums decreased 7.5 percent. Infinity is a national provider of personal auto …
Governor Jeb Bush has signed legislation authorizing Florida’s second annual 12-day sales tax holiday for hurricane preparedness. The Hurricane Preparedness Sales Tax Holiday is an important component of Governor Bush’s comprehensive plan to instill a “culture of preparedness” in Florida. …
A $565 million hurricane preparedness budget which includes funding for response and recovery recommendations has been recommended by Gov. Jeb Bush and Lt. Governor Toni Jennings. According to Gov. Bush, the recommendations include new efforts to significantly enhance Florida’s ability …
The Professional Insurance Agents of Florida has issued a member alert about Southern Family Insurance, a subsidiary of Poe Financial Group and its subsidiaries, Atlantic Preferred and Florida Preferred. “It’s hard to imagine good news when we’re reporting that an …
Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ long-term junior subordinated debt rating to the proposed perpetual, subordinated, fixed-rate, step-up euro-denominated notes to be issued by conduit structure ELM B.V. and secured over the perpetual subordinated …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-“of the reinsurance operating subsidiaries of the Bermuda-based Everest Re Group Limited. Best also affirmed the ICRs …
Bermuda-based Montpelier Re Holdings Ltd. reported “comprehensive income” for the first quarter ended March 31, 2006 of $48.5 million, or $0.54 per share, compared with $36.0 million, or $0.54 per share, for the same quarter last year. Operating income, which …
