Category: news
Safepoint Insurance Company Licensed to Do Business in Alabama and Mississippi
Tampa, FL (April 23, 2019) – Safepoint Insurance (Safepoint) today announced the Company has been authorized by the Alabama and Mississippi Departments of Insurance to write Personal and Commercial business. Safepoint was launched in November of 2013 to initially write Florida homeowners business and expanded into Louisiana in 2015. Safepoint was also authorized to write in Texas in December of 2016 and New Jersey in May of 2017.
Based in Tampa, FL, Safepoint is led by David Flitman, Chief Executive Officer, who has extensive insurance and reinsurance experience in the coastal markets and beyond. Prior to launching Safepoint, David was based in Bermuda as the Executive Director of Global Property Underwriting and Chief Actuary for Flagstone Reassurance Suisse SA. In this role, David participated on a number of coastal reinsurance programs.
Safepoint is currently evaluating all the opportunities to write coastal personal lines and business insurance in Alabama and Mississippi and provide agents and customers another choice.
Mr. Flitman commented “We are very pleased to add to our coastal business and enter the Alabama and Mississippi property insurance markets. Safepoint is committed to being a long-term partner of the independent insurance agents in these states by providing more capacity along the coast”.
SafePoint Insurance Strengthens Commitment to Step Up For Students
April 15, 2019 | TAMPA – SafePoint Insurance renewed and deepened its support of Step Up For Students by announcing its contribution to the statewide nonprofit that distributes scholarships to low-income K-12 schoolchildren.
Based in Tampa, Fla., SafePoint Insurance’s 2019 contribution will fund 37 scholarships during the 2018-19 school year. This contribution marks the fifth consecutive year SafePoint Insurance has partnered with Step Up For Students through a tax-credited contribution.
SafePoint Insurance specializes in residential property insurance products and sees its support of Step Up For Students as an extension of its corporate mission and an honorable investment in the community.
“SafePoint Insurance is thrilled to renew and expand its support of Step Up For Students,” said company CEO David Flitman. “We are proud of the opportunities we are affording to Florida’s underprivileged youth and are confident that our partnership with Step Up For Students will allow these children to seek their full potential through a quality education.”
Step Up For Students helps administer the Florida Tax Credit Scholarship Program, which enables companies, like SafePoint Insurance, to redirect a portion of their Florida tax liabilities to fund scholarships.
Donor corporations, like SafePoint Insurance, are confident in their investment in Step Up For Students. Five independent research groups have found the program results in significant savings for Florida taxpayers, and seven consecutive years of academic data shows scholarship recipients are keeping pace with students of all income levels nationally.
About SafePoint Insurance Company
SafePoint Insurance is a privately held Florida licensed insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida, Louisiana, Texas and New Jersey. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 Floridians. With over $45 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect Florida’s homeowners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com). For more information, visit www.safepointins.com.
SafePoint Insurance Participates in “Paint Your Heart Out Tampa” for the Third Year
Tampa, Florida, April 15, 2019: For the third consecutive year, SafePoint Insurance Company participated in Paint Your Heart Out Tampa – a city-wide program that enables citizens, businesses, clubs and organizations to lend a helping hand to low-income, elderly citizens in Tampa. 27 Safepoint employees and family members gathered together at a home in Tampa and worked together to paint the exterior of a building. Safepoint has made this an annual event. “Commitment to our community is very important as we grow our Tampa employee base and expand our Florida presence”, says Nancy Baily, Chief Operating Officer.
Safepoint announced in 2014 the launch of their Safepoint Gives Back program with an initial pledge to the Step Up for Students Scholarship Program to fund scholarships for low-income Florida students. In addition to funding scholarships, the Safepoint Gives Back program focuses on education by providing internships for students to learn about the insurance industry, by mentoring of actuarial students and by partnering with InVEST, a program sponsored by the Big I Independent Insurance Agents that provides insurance education to high school and college students. e students.
About SafePoint Insurance Company
SafePoint Insurance is a privately held Florida licensed insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida, Louisiana, Texas and New Jersey. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 Floridians. With over $45 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect Florida’s homeowners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com).
SafePoint Insurance supports Tampa’s Rough Riders “Teddy Bear” Drive
Tampa, Florida, 12/18/17: For the forth straight year, SafePoint Insurance Company has partnered with Tampa’s own Rough Riders to participate in their annual “Teddy Bear” drive. The Rough Riders are a living memorial to President Theodore Roosevelt and the members of its voluntary cavalry regiment, who played an instrumental role in the Spanish American War, as well as Tampa history. Every year, the Rough Riders collect, sort, and distribute thousands of teddy bears to hospital patients, cancer survivors and their families, centers for abused women and children, community health centers, special needs day care centers, and foster children. Safepoint collected the bears from its employees during the month of December and expanded the collection to include teddy bears donated by their agency partners this year.
“Commitment to our community is very important as we grow our Tampa employee base and expand our Florida presence”, says Nancy Baily, Chief Operating Officer. Safepoint announced in 2014 the launch of their Safepoint Gives Back program with an initial pledge to the Step Up for Students Scholarship Program to fund scholarships for low-income Florida students. In addition to funding scholarships, the Safepoint Gives Back program focuses on education by providing internships for students to learn about the insurance industry, by mentoring of actuarial students and by partnering with InVEST, a program sponsored by the Big I Independent Insurance Agents that provides insurance education to high school and college students.
About SafePoint Insurance Company
SafePoint Insurance is a privately held Florida licensed insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida and Louisiana. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 Floridians. With over $40 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect Florida’s homeowners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com).
SafePoint Insurance Contributes to Hurricane Disaster Relief
Tampa, Florida, September 30, 2017: In response to the widespread damage and destruction caused by Hurricanes Harvey, Irma and Maria, SafePoint Insurance has made financial contributions to the American Red Cross emergency relief efforts underway in Texas, Florida and Puerto Rico. These storms have created an almost unprecedented concurrent impact to millions of Americans. Safepoint CEO David Flitman states “We recognize that insurance for these types of disasters is only a part of what will be needed to help these areas and citizens survive and recover from these terrible circumstances”. SafePoint is proud to be able to go beyond the product of insurance with badly needed additional financial support for the relief efforts.
About SafePoint Insurance Company
SafePoint Insurance is a privately held insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida, Louisiana, Texas and New Jersey. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 customers. With over $45 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect home and business owners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com).
Safepoint Insurance Company Licensed to Enter the Louisiana Commercial Lines Market
Tampa, FL (September 29, 2017) – SafePoint Insurance (Safepoint) today announced the Company has been authorized by the Louisiana Department of Insurance to write Commercial Lines business in the state of Louisiana. Initially, Safepoint will assume Commercial Lines policies from Louisiana Citizens Property Insurance Corporation on December 1, 2017. The company intends to launch a voluntary Commercial Lines product by the end of 2017 to expand their market presence. The target market is non-habitational “main street” type risks such as offices, retail/service and food and beverage sales.
Mr. Flitman commented “We are very pleased to add to our Louisiana business to offer Louisiana business owners another choice for their insurance. Safepoint is committed to being a long-term partner of the independent insurance agents in Louisiana by providing high quality service and financial security for their customers.”
SafePoint Insurance is a privately held insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida, Louisiana, Texas and New Jersey. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 customers. With over $45 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect home and business owners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com), leading providers of financial ratings for insurance companies.
Safepoint Insurance Company Licensed to Enter the New Jersey Homeowners Market
Tampa, FL (May 2, 2017) – Safepoint Insurance (Safepoint) today announced the Company has been authorized by the New Jersey Department of Insurance to write Property business in the state of New Jersey. Safepoint was launched in November of 2013 to initially write Florida homeowners business and expanded into Louisiana in 2015. Safepoint was also authorized to write in Texas in December of 2016. The Company has been assigned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc., leading providers of financial ratings for insurance companies.
Based in Tampa, FL, Safepoint is led by David Flitman, Chief Executive Officer, who has extensive insurance and reinsurance experience in the coastal markets and beyond. Prior to launching Safepoint, David was based in Bermuda as the Executive Director of Global Property Underwriting and Chief Actuary for Flagstone Reassurance Suisse SA. In this role, David participated on a number of Florida, Louisiana, New Jersey and Texas reinsurance programs.
Safepoint is currently evaluating all the opportunities to write coastal business in New Jersey and provide agents and customers another choice.
Mr. Flitman commented “We are very pleased to add to our Florida, Louisiana and Texas businesses and enter the New Jersey property insurance market. Safepoint is committed to being a long-term partner of the independent insurance agents in New Jersey by providing more capacity along the coast”.
SafePoint Insurance Company Licensed to Enter the New Jersey Homeowners Market
Tampa, FL (May 2, 2017) – SafePoint Insurance (SafePoint) today announced the Company has been authorized by the New Jersey Department of Insurance to write Property business in the state of New Jersey. SafePoint was launched in November of 2013 to initially write Florida homeowners business and expanded into Louisiana in 2015. SafePoint was also authorized to write in Texas in December of 2016. The Company has been assigned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc., leading providers of financial ratings for insurance companies.
Based in Tampa, FL, SafePoint is led by David Flitman, Chief Executive Officer, who has extensive insurance and reinsurance experience in the coastal markets and beyond. Prior to launching SafePoint, David was based in Bermuda as the Executive Director of Global Property Underwriting and Chief Actuary for Flagstone Reassurance Suisse SA. In this role, David participated on a number of Florida, Louisiana, New Jersey and Texas reinsurance programs.
Safepoint is currently evaluating all the opportunities to write coastal business in New Jersey and provide agents and customers another choice.
Mr. Flitman commented “We are very pleased to add to our Florida, Louisiana and Texas businesses and enter the New Jersey property insurance market. SafePoint is committed to being a long-term partner of the independent insurance agents in New Jersey by providing more capacity along the coast”.
For more information contact:
David Flitman
CEO
SafePoint Insurance
dflitman@safepointins.com
SafePoint Insurance Participates in “Paint Your Heart Out Tampa”
Tampa, Florida, April 24, 2017: For the first time ever, SafePoint Insurance Company participated in Paint Your Heart Out Tampa – a city-wide program that enables citizens, businesses, clubs and organizations to lend a helping hand to low-income, elderly citizens in Tampa. 25 Safepoint employees and family members gathered together at a home in Tampa and worked together to paint the exterior of the building. Safepoint plans to make this an annual event. “Commitment to our community is very important as we grow our Tampa employee base and expand our Florida presence”, says Nancy Baily, Chief Operating Officer.
Safepoint announced in 2014 the launch of their Safepoint Gives Back program with an initial pledge to the Step Up for Students Scholarship Program to fund scholarships for low-income Florida students. In addition to funding scholarships, the Safepoint Gives Back program focuses on education by providing internships for students to learn about the insurance industry, by mentoring of actuarial students and by partnering with InVEST, a program sponsored by the Big I Independent Insurance Agents that provides insurance education to high school and college students.
About SafePoint Insurance Company
SafePoint Insurance is a privately held Florida licensed insurance company based in Tampa, FL, specializing in residential and commercial lines property insurance products in Florida, Louisiana, Texas and New Jersey. SafePoint utilizes independent insurance agents to sell their products. Safepoint currently insures more than 70,000 Floridians. With over $40 Million in policyholder surplus and local presence, SafePoint has the financial resources to protect Florida’s homeowners. SafePoint is rated “A” (Exceptional) by Demotech (www.demotech.com).
Safepoint Insurance Company Licensed to Enter the Texas Homeowners Market
Tampa, FL (December 23, 2016) – Safepoint Insurance (Safepoint) today announced the Company has been authorized by the Texas Department of Insurance to write Property business in the state of Texas. Safepoint was launched in November of 2013 to initially write Florida homeowners business and expanded into Louisiana in 2015. The Company has been assigned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc., leading providers of financial ratings for insurance companies.
Based in Tampa, FL, Safepoint is led by David Flitman, Chief Executive Officer, who has extensive insurance and reinsurance experience in the coastal markets and beyond. Prior to launching Safepoint, David was based in Bermuda as the Executive Director of Global Property Underwriting and Chief Actuary for Flagstone Reassurance Suisse SA. In this role, David participated on a number of Florida, Louisiana and Texas reinsurance programs.
Initially, Safepoint will participate in the Assumption Reinsurance Depopulation Program of the Texas Windstorm Insurance Association (TWIA) on December 1, 2017. The Company will limit its assumption to policies it intends to write over the long-term. Safepoint is currently evaluating other opportunities in Texas.
Mr. Flitman commented “We are very pleased to add to our Florida and Louisiana businesses and enter the dynamic Texas property insurance market to offer Texans another choice for their insurance. Safepoint is committed to being a long-term partner of the independent insurance agents in Texas by providing high quality service and financial security for their customers.”