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 “B” (Fair) by AM Best (www.ambest.com) and rated “A” (Exceptional) by Demotech (www.demotech.com), leading providers of financial ratings for insurance companies.