FOR IMMEDIATE RELEASE
American Integrity Insurance Expands Florida Coverage with New Commercial Residential Program
TAMPA,FL – Octoberโค 26,2023 – American Integrity โขInsurance Group,Inc., a leading property insurance โคprovider โin the Southeast,โฃ today announced the launch of a new Commercial Residentialโ Property Program specifically designed โขforโค 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 launchโ follows American Integrity’s triumphant Initial Public Offering earlier this year, demonstrating โtheโ company’s financial strength and commitment to long-term โฃgrowth.Backed by a strong reinsurance structure and underwriting tailoredโ to Florida’s uniqueโ risks, โthe program aims to provide stability in a market frequently impacted by severe weather.
American Integrityโ currentlyโ holds โคan “A” (Remarkable) rating from Demotech and a BBB+ โคrating from KBRA, underscoring โits financial stability and ability to meet policyholder obligations.
“Florida’s commercial residential market faces unique risks, andโฃ Americanโ Integrity is readyโข to meet these challenges head-on,” said โJon Ritchie, President of American Integrity. “this programme strengthens our commitmentโค to communities and reinforces โour 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 โคbegin โinsuring the condominium, townhome, and homeowners associations that form the backbone of Florida communities. This product was built withโ Florida associations in mind. It provides confidence, peace of mind, and the stability that residents deserve – especially in a state wereโข weather risks are a fact of โlife.”