FOR IMMEDIATE RELEASE
American Integrity Insurance Expands Florida Coverage with New Commercial Residential Program
TAMPA,FL – October 26,2023 – American Integrity Insurance Group,Inc., a leading property insurance provider in the Southeast, today announced the launch of a new Commercial Residential Property Program specifically designed for Florida’s condominium, townhome, and homeowners associations. The initiative offers comprehensive protection for buildings, shared spaces, and association-owned property, with a focus on robust natural disaster coverage.
The program’s launch follows American Integrity’s triumphant Initial Public Offering earlier this year, demonstrating the company’s financial strength and commitment to long-term growth.Backed by a strong reinsurance structure and underwriting tailored to Florida’s unique risks, the program aims to provide stability in a market frequently impacted by severe weather.
American Integrity currently holds an “A” (Remarkable) rating from Demotech and a BBB+ rating from KBRA, underscoring its financial stability and ability to meet policyholder obligations.
“Florida’s commercial residential market faces unique risks, and American Integrity is ready to meet these challenges head-on,” said Jon Ritchie, President of American Integrity. “this programme strengthens our commitment to communities and reinforces our role as a stable, forward-looking insurer in a rapidly evolving market.”
Patrick Madigan, SVP of Underwriting, added, “With this new program, we are excited to begin insuring the condominium, townhome, and homeowners associations that form the backbone of Florida communities. This product was built with Florida associations in mind. It provides confidence, peace of mind, and the stability that residents deserve – especially in a state were weather risks are a fact of life.”
