August 18, 2008

ASI Lloyds Offers Louisiana Investors and Seasonal Residents Property Insurance Coverage

St. Petersburg, FL (August 18, 2008) - Today, ASI Lloyds (ASI), an admitted Louisiana insurer, launched an Investor, Rental, and Seasonal Dwelling policy for Louisiana properties in addition to its current Homeowners offering. ASI, who opened for business in Louisiana on April 30, 2008, now has two personal property products sold through its network of independent insurance agents. ASI will fill a current void by offering coverage to homeowners, investors, seasonal residents, rental properties and even owners of homes under construction. "This product expansion," said John Auer, ASI Lloyd’s President and CEO, "reaffirms our commitment to Louisiana for the long term. Our objective is to offer residents and investors an appealing alternative to Louisiana Citizens and other carriers in the state." Residents seeking coverage should consult their local independent agent.

ASI is a $500M multi-state carrier focusing on homeowners and other property insurance with coverage offerings in Florida, Texas, Louisiana, Colorado, and Arizona. The company currently holds licenses in 11 other states and has plans to expand nationally in the future.

In December 2007, ASI was upgraded to A- (Excellent) by A.M. Best. The rating affirms ASI’s strength and ability to remain financially sound even after the devastating hurricane seasons of 2004 and 2005.

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 more than 346,000 policyholders in Florida, Texas, Louisiana, Arizona, and Colorado. The company also offers Flood coverage as a Write Your Own (WYO) Flood Service Provider. The A- (Excellent) rating applies to American Strategic Insurance Corp, ASI Assurance Corp, ASI Preferred, and ASI Lloyds.