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All posts by admin
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> March 22, 2021
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> Demotech Affirms the Financial Stability Rating
> Assigned to Centauri Insurance
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> The Financial Stability Ratings® (FSRs) of A, Exceptional, assigned to Centauri Specialty Insurance Company and Centauri National Insurance Company have been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE), and realistic pricing.
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> Demotech noted Centauri Insurance’s recent acquisition by Applied Underwriters has “replenished their balance sheets to provide the capacity to weather the impact of past natural disasters on inception to date operating results, respond to issues that may have arisen related to loss and LAE reserve development, and sustain the staying power of execution of business models so as to avail themselves of the future revenue benefit associated with rate revisions that are approved and in place. The acquirers will also supply managerial acumen to sustain business models focused on future profitability.” Demotech also stated “we believe they have ameliorated the impact of the operating results reported at year-end 2020 on their balance sheets, are positioned to record and report markedly improved operating results in 2021 that meet or exceed the financial metrics that Demotech deems consistent with carriers assigned an FSR at the A, Exceptional, level as well as successfully address other phases of our annual review process.”
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> FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
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> Thank you for your continued partnership and business.
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> Sincerely,
> Centauri Insurance
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> Copyright © 2021 CENTAURI SPECIALTY INSURANCE COMPANY, All rights reserved. Insurance products are underwritten by Centauri Specialty Insurance Company and Centauri National Insurance Company. Insurance coverage is subject to underwriting review and approval. Products may not be available in all states.
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I found this article interesting and thought of sharing it with you. Check it out: floridapolitics.com/archives/398033-citizens-eyes-rate-hike-as-insurance-changes-proposed
Sent from my iPhone
Now that you are completely prepared for a storm, it’s time to explain what actions to take when you receive a hurricane watch or warning alert from the National Weather Service for your local area. It also provides tips on what to do before, during, and after a hurricane.
First, it’s important to know the difference between a watch and a warning (click here for Hurricanes 101).
Hurricane watch = conditions POSSIBLE within the next 48 hrs.
Steps to take:
It’s time to review your evacuation route(s) & listen to local officials by monitoring local radio or television stations.
Then review the items in your disaster supply kit and add items to meet the household needs of children, parents, individuals with disabilities or other access and functional needs or pets.
Hurricane warning = conditions are EXPECTED within 36 hrs.
Steps to take:
Follow evacuation orders from local officials.
Check-in with family and friends by texting or using social media. Communication is KEY in alerting others of your plans and making sure you are safe.
Follow your hurricane timeline preparedness checklist below, depending on when the storm is anticipated to hit and the impact that is projected for your location.
Credit @Gulfstream Insurance
How much the average homeowner pays for insurance in the US, by state and home value
www.businessinsider.com/personal-finance/average-homeowners-insurance-cost
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> Are you prepared for Hurricane Season?
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> Hurricane season is quickly approaching, and FedNat encourages our family of insureds to always stay alert and be prepared. Be sure to visit the Storm Readiness section of our Claims Center on the FedNat.com web page. Here you will find helpful tips and tools to ensure that you and your family remain safe during a Storm and the Hurricane Season.
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> Storm Readiness Resources
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> Now is a great time to sign up for online access and save money. Once you sign up, you will have access to view your policy, documents and claim information. Don’t forget to enroll in paperless, so you can save $10 on your policy renewal!
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> Additionally, this is always a good time of year to contact your agent and review your policy coverages to make sure that you and your home are adequately protected. Also, it is important to ensure we have your proper e-mail, phone numbers and mortgagee listed on your policy to eliminate any unnecessary delays in the event of a claim.
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> Register And Sign Up For Paperless
> Recently, we began utilizing technology that can help us process claims quicker and enables us to perform virtual inspections* should a storm hit during the Covid-19 Pandemic. In the event of a loss, FedNat has a devoted team of experienced field adjusters and emergency response partners that are ready to assist you as soon as possible. If you happen to sustain damage, you can reach us 24/7 on our First Report Line at (800) 293-2532 or report a claim online at FedNat.com.
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> *Some losses and mitigation services will require in-person inspections.
> Report A Claim
> Protecting you from the unexpected since 1992.
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> FedNat
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> PO Box 407193, Ft. Lauderdale, FL 33340-7193
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Home Safe Home
March 20, 2020 | Tower Hill Insurance
Home Learning Center Home Safe Home
It’s the time of year again for spring cleaning! As you develop your plan of attack for cleaning indoors and out, be sure to add “safety” to the top of your checklist and consider how to poison proof these key areas of your home.
Be sure to keep cleansers out of reach of your children and pets; oven cleaners and drain openers are especially toxic. Often brightly colored or scented, children can mistake bottled cleaners for fruit drinks. Over-the-counter and prescription medications should also be secured and out of reach. Poisoning from common household chemicals and medications can be deadly, yet it is one of the easiest to prevent.
UTILITY ROOM: Increasingly popular because of their convenience, laundry detergent packets can be dangerous and should be kept out of the reach of children. Last year, more than 6,000 children were poisoned by exposure to these packets that contain highly concentrated detergent. Symptoms range from excessive vomiting to gasping for air and needing a ventilator to breathe. The colorful packets may look like candy to kids, but they can be deadly. Just in case the unthinkable happens, be sure to have the Poison Control Center’s phone number — 800.222.1222 — saved in your contacts list.
GARAGE & GARDEN: Hazardous items such as gasoline, paint, bug spray, antifreeze, and pesticides should be out of the reach of both children and pets. Garden equipment and other tools should be stored safely out of the way to help prevent injuries. Consider investing in a storage system for your garage or garden shed to organize items and tools before they become a danger zone. Check out these helpful tips for how to find and eliminate the hidden dangers in your garage.
Sent from my iPhone
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> released April 7, 2020 | Gulfstream
> On March 6, 2020, the Cybersecurity and Infrastructure Security Agency (CISA) released an alert reminding individuals to remain vigilant for scams related to the coronavirus. Cyber actors may send emails with malicious attachments or links to fraudulent websites to trick victims into revealing sensitive information or donating to fraudulent charities or causes. Now is the time to be vigilant and exercise caution in handling any email with a COVID-19-related subject line, attachment, or hyperlink, and be wary of social media pleas, texts, or calls related to COVID-19.
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> CISA encourages individuals to remain vigilant and take the following precautions.
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> Avoid clicking on links in unsolicited emails and be wary of email attachments. See Using Caution with Email Attachments and Avoiding Social Engineering and Phishing Scams for more information.
> Use trusted sources — such as legitimate, government websites — for up-to-date, fact-based information about COVID-19.
> Do not reveal personal or financial information in an email, and do not respond to email solicitations for this type of information.
> Make sure you verify a charity’s authenticity before making any donations. Review the Federal Trade Commission’s page on Charity Scams for more information.
> Review CISA Insights on Risk Management for COVID-19 for more information.
> Following these tips is just another way to make sure you are staying safe during this stressful time.
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> *Adapted from www.ncua.gov/
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