The positive outlook from A.M. Best is an acknowledgement of Florida Family's long term commitment to protecting our client's financial security and our dedication to unparalleled customer service.
Jacksonville, Florida (PRWEB) October 24, 2013
A.M. Best recently reaffirmed the Financial Security Rating of B++ for Florida Family Insurance and upgraded the outlook to positive from stable. Florida Family has been rated by A.M. Best since 2001, making it one of the most financially stable homeowners insurance companies in Florida.
Peter Corrigan, President of Florida Family, states that the company’s focus since its inception has been to deliver peace of mind to its policyholders in the Florida homeowners insurance market, known for its volatility. "The positive outlook from A.M. Best is an acknowledgement of Florida Family's long term commitment to protecting our client's financial security and our dedication to unparalleled customer service.”
A.M. Best cites Florida Family’s “trend of a strong operating performance which, based on management's consistent strategies, is expected to be maintained going forward” as the basis for the revised outlook, and recognized the company's "sustained, strong level of risk-adjusted capitalization, driven by its particularly strong underwriting and catastrophe risk management practices." A.M. Best’s Financial Strength Ratings are recognized as the benchmark for assessing the financial strength for insurance organizations throughout the globe.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology.
About Florida Family Insurance
Since 1996, Florida Family Insurance has been a financially strong, stable Florida homeowners insurance market for its clients, providing outstanding customer service to its agents and policyholders. With offices in Bonita Springs and Jacksonville, Florida Family services over 110,000 policyholders throughout Florida, writing homeowners, dwelling fire, condominium, rental property, and flood insurance through a network of licensed independent agents. To learn more about Florida Family Insurance, visit http://www.floridafamily.com.