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January 28, 2008

ASI Llyods to Enter Homeowners Insurance Marketplace

St. Petersburg, FL (January 28, 2008) - American Strategic Insurance Group (ASI) of St. Petersburg, is pleased to announce its entrance into the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state. ASI's intention is to write new Homeowners and Dwelling Fire policies in Louisiana in the second quarter of 2008. The company was recently upgraded to an A- (Excellent) Financial Strength Rating by A.M. Best.

The insurer's President and Chief Executive Officer, John Auer, said, "ASI is excited to enter the Louisiana marketplace. We look forward to working with the Independent agency force to provide an additional market to Louisiana Homeowners. We specialize in catastrophe exposure management and are proud to be a leading property insurer in Florida and Texas."

ASI Lloyds Inc. is a subsidiary of American Strategic Insurance Corp. domiciled in Florida. The ASI group of companies specializes in homeowners insurance and has over 320,000 policyholders in Florida, Texas and Colorado. The company is also a Write Your Own (WYO) Flood Service Provider nationally. ASI employs 150 people in its St. Petersburg offices. The A- (Excellent) rating applies to American Strategic Insurance Corp., ASI Assurance Corp., and ASI Lloyds.