Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents.
“As the Department continues to pursue comprehensive coastal property insurance reform initiatives, the addition of companies such as ASI, is fundamental to increasing availability for homeowners and furthering a competitive South Carolina marketplace,” said state Insurance Director Scott Richardson.
ASI’s President and Chief Executive Officer, John Auer, said the firm plans to eventually offer a suite of personal property insurance products in South Carolina.
ASI, a $500 million insurance company, has more than 400,000 policyholders in Texas, Louisiana, Colorado and Arizona. It specializes in personal lines property insurance and also offers flood coverages as a Write Your Own (WYO) Flood Service Provider.
The company is licensed in 15 additional states with plans to expand nationally. ASI holds an A- (Excellent) Rating by A. M. Best.
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