November 30, 2010

ASI Enters the Virginia, Deleware & Georgia Homeowners Insurance Markets

St. Petersburg, FL (November 30, 2010) - American Strategic Insurance Corp. (ASI) is pleased to announce its entrance into the Virginia, Delaware and Georgia residential property markets. The company offers a full suite of products to homeowners, renters, condominium owners, seasonal residents and investment property owners through independent agencies. The company also offers flood coverage as an approved National Flood Insurance Program Provider.

The insurer’s President and Chief Executive Officer, John Auer, said, “ASI is aggressively growing in the eastern seaboard to provide the independent agency force and company partners with a desirable homeowners market. These three states are a critical part of our expansion plan.  We are excited about giving independent agencies a top quality option for placement of their personal property risks.  We strive to be a leader in technology and service, and look forward to providing agencies and policyholders with quality coverage and service they can depend on.”

ASI, a Florida-based company, writes in ten states (Arizona, Colorado, Delaware, Florida, Georgia, Louisiana, New Jersey, South Carolina Texas and Virginia) with ongoing plans to enter over ten additional states in the next 18 months.  The company currently has $525 million in written premiums and nearly $300 million in policyholders’ surplus. ASI holds an A- (Excellent) Rating by A.M. Best with a “Positive” outlook (review completed March 8, 2010).

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.