21st Century Holding Company, a vertically integrated financial services holding company headquartered in Plantation, Fla, announced today that AM Best reaffirmed ratings for Federated National Insurance Company (rated “B” ) and American Vehicle Insurance Company (rated “B+”) and revised their outlook from negative to stable.
21st Century Holding Company manages its insurance underwriting, distribution and claims process through its subsidiaries.
Subsidiaries Federated National Insurance Company and American Vehicle Insurance Company, underwrite standard and non-standard personal automobile insurance in the state of Florida. Federated National also has authority to underwrite flood insurance, mobile home insurance, and homeowners property and casualty insurance in the state of Florida.
Its managing general agent, Assurance Managing General Agents Inc., has underwriting authority for Federated National, American Vehicle, and third-party insurance companies.
The company’s wholly owned claims adjusting company, Superior Adjusting Inc., processes claims made by the insureds of Federated National, American Vehicle, and third party insurance companies which contract with Superior.
Federated Premium Finance Inc., another wholly owned subsidiary, offers premium financing to insureds of Federated National and American Vehicle, as well as to third party insureds.
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