The Company’s CEO and President, Michael H. Braun, as well as CFO, Peter J. Prygelski, III, will talk about the financial results and evaluate the outlook for the Company. Messrs. Braun and Prygelski invite your list to participate in inside business call. Listeners interested in playing the Q&A session can access the conference call by dialing toll-free 866-501-5542. Participants really should join the phone call at the very least a few minutes upfront. A webcast replay with the business call will likely be available soon after the live webcast is fully gone and may be accessed through Company’s website.
About the Company
The Company, through its subsidiaries, underwrites homeowners’ property and casualty, commercial general liability, commercial home, flood, personal automobile, commercial automobile, inland marine, workers’ compensation and umbrella insurance in the state of Florida. The Company is additionally licensed being an admitted carrier in the us of Alabama, Georgia, Louisiana and Texas to provide coverage in excess of 300 classes of business general liability business, including special attractions. The corporation qualifies to function like a surplus lines/non-admitted carrier in the us of Arkansas, Kentucky, Maryland, Missouri, Nevada, Oklahoma, South Carolina, Tennessee, and Virginia while offering the identical general liability products. The corporation is licensed and it has the facilities to advertise and underwrite other insurance carriers’ lines of economic, or even process and adjust claims for third party insurance carriers.
Safe harbor statements within the Private Securities Litigation Reform Act of 1995: Statements with this pr release that are not historical fact are forward-looking statements at the mercy of certain risks and uncertainties that could cause actual events and leads to differ materially from those discussed herein. Without limiting the generality in the foregoing, words for example “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “should,” “estimate,” or “continue” or other negative variations thereof or comparable terminology are meant to identify forward-looking statements. The potential for loss and uncertainties include, without limitation, the price of reinsurance as well as the collectability of reinsurance; the achievements of send out growth and marketing initiatives and introduction of their cool product lines; inflation and also other changes in economic conditions (including changes in interest rates and real estate markets); the impact of legislation and regulations adopted in Florida along with the other states where we do business which affect the property and casualty insurance market; assessments charged by various governmental agencies; pricing competition along with other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes and/or changes in our capital structure, along with the timing thereof; the end result of litigation pending against us or that’s commenced up against the Company following the date hereof, like the relation to its any settlements; dependence on investment income along with the composition in our investment portfolio; the adequacy in our liability for loss and loss adjustment expense; insurance agents; claims experience; ratings by industry services (a withdrawal or lowering of our rating(s) could limit us from writing or renewing policies and may make the Company’s insurance policies to not be acceptable towards the secondary marketplace and mortgage lenders); catastrophe losses; addiction to key personnel; conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); modifications in driving patterns and loss trends; acts of war and terrorist activities; court decisions and trends in litigation, and medical and auto repair costs; and other matters described every now and then by us in your filings with all the SEC. Additional risks may also be established in the Company’s Form 10-K for the fiscal year ended December 31, 2010, filed with all the SEC on March 31, 2011, and in the Company’s subsequent filings underneath the Securities Exchange Act of 1934. Moreover, investors should be aware that generally accepted accounting principles prescribe when a company may reserve for particular risks, including litigation exposures. Accordingly, results for a certain reporting period might be significantly affected assuming a reserve is established for the major contingency. Reported results may therefore seem to be volatile using accounting periods. The corporation undertakes no obligations to update, change or revise any forward-looking statement, whether because of new information, additional or subsequent developments or otherwise.
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