Centauri insurance

After being strengthened financially through its recent acquisition by Applied Underwriters, Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have retained their financial stability rating of "A" (Exceptional) from Demotech, the company said in a statement.

After comprehensive assessments assessing claims-paying capacity, financial reserves, and overall financial stability, the Sarasota-based insurer, which has over $200 million in annual premiums from policyholders primarily in Florida and Hawaii, expects to rapidly expand in the Carolinas and other Southern US markets through an increasing network of independent agents and brokers.

Applied Underwriters completed the acquisition in February.

According to Steve Menzies, Chairman of Applied Underwriters, Demotech's affirmation of its "A" rating supports Applied's strategic plan to expand its presence in the Southern market via this acquisition, Centauri's recent acquisition of Gulfstream's renewal rights, and its recently announced Florida Casualty Insurance Co. international agreement.

"Centauri is on stable ground and is now in a position to leverage Applied's strength to grow into new target markets, both geographically and in product sectors like residential property and casualty programs, private flood insurance, and new products currently in development," Menzies said.

From its leadership level to the corporate capacities of its Omaha operating teams, Applied's technological capabilities will help the company support its clients with expanded offerings, according to Rick Espino, President of Centauri.

"We believe Applied's timely, revitalizing investment in Centauri would make a big difference in the future of weather-catastrophe insurance," said Espino.

Other rating decisions were revealed earlier this month by Demotech, which noted that many Florida-based insurers are being closely watched following disappointing 2020 year-end results. Last year, the Florida industry as a whole lost more than $1.5 billion.

Centauri Specialty Insurance Co. and Centauri National Insurance Co. are headquartered in Sarasota, Florida, and were established in 2006. Centauri Insurance is a property and casualty insurance corporation with licenses in ten states: Alabama, Florida, Hawaii, Louisiana, Massachusetts, Mississippi, North Carolina, Oklahoma, South Carolina, and Texas. Centauri issues catastrophe insurance to its policyholders.

Applied Underwriters is a multinational risk management company that specializes in business services, insurance, and reinsurance.

Don't Make Assumptions.

Experts decide many insurance claims. Don't assume whether you know if something is covered or not. Although some instances involving are covered by insurance, there are various factors why the insurance company might try to get out of paying you. It is essential to realize that the insurance provider could try to convince you that the cost of fixing the damages is less than the deductible. Don't let the insurance provider take a free ride in rejecting your legitimate claim. Get an experienced home insurance attorney to help.

Get An Acceptable Insurance Policy.

One of the most critical roles of an insurance attorney is to advise their clients of the insurance carriers inclined to keep their promises. That's why we made this list.

If your insurance carrier is on this list, please review the score. If it is failing, we recommend you contact your insurance agent and consider switching companies. We recommend buying insurance from one of the following market carriers:

• Allied Trust
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• American National Lloyds

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YOU CAN OBTAIN A HIGHLY SKILLED INSURANCE LAWYER

If your insurance company has refused to honor your policy despite having a valid claim, you can recover damages based on "bad faith." At Dick Law Firm, PLLC, we are committed to fighting for the total compensation you deserve. When you retain our services, we fight to protect your rights as a policyholder.

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If you have been mistreated or wronged by your insurance company, you can count on us to do everything possible to rectify the situation. We aim to resolve a claim as efficiently and effectively as possible.

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