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May 4, 2009

ASI Launches Homeowners Insurance in South Carolina

St. Petersburg, FL (May 4, 2009) - American Strategic Insurance Corp. (ASI), one of the top five insurance companies providing residential property insurance in Florida, is pleased to announce its entrance into South Carolina by offering Homeowners insurance policies. ASI is offering Homeowners coverage to South Carolinians through its network of independent insurance agents. ASI will add additional insurance products for renters and those owning second homes.

Russell-Massey & Company, Inc., an agency in Columbia, South Carolina was the first independent agency to write a policy. "We are excited to have a new choice for our customers seeking Homeowners insurance alternatives in our state. ASI is a solid company with terrific customer service and an outstanding reputation" said Charles Dorton, its CEO.

ASI’s President and Chief Executive Officer, John Auer, said, "We look forward to partnering with the independent insurance agency force and providing excellent coverage and service to home owners. Through our technological, operational, and catastrophe management expertise, we will soon offer a suite of personal property insurance products and will be an integral part of the South Carolina market."

ASI, a $500M insurance company with over 400,000 policyholders across Florida, Texas, Louisiana, Colorado, and Arizona, specializes in personal lines property insurance and also offers Flood coverage as a Write Your Own (WYO) Flood Service Provider. The company is licensed in 15 additional states with plans to expand nationally. ASI holds an A- (Excellent) Rating by A.M. Best and is also recognized in the industry as a leader in claims handling and customer service.

Insurance agents interested in joining the ASI team should call (866) 274-8765 ext. 853 or find additional information on the web at www.americanstrategic.com.