Company Information

Southern Fidelity Insurance Company has been approved by the Board of Directors of Citizens Property and Casualty Insurance Company to assume approximately 30,000 homeowners and dwelling fire policies throughout the state of Florida. The Florida Department of Financial Services, Office of Insurance Regulation has issued a Certificate of Authority to Southern Fidelity Insurance Company. The anticipated date of assumption is May 25, 2005. Beginning in August of 2005, all policies assumed by SFIC will receive an offer of renewal prior to the expiration of their Citizen’s policy.

Southern Fidelity’s policies will be administered by Southern Fidelity Managing Agency, through a network of independent agencies throughout the state.

Currently, Southern Fidelity’s surplus has been funded with $57.5 million dollars in private capital. The Company has been given a Demotech Financial Stability Rating of A (Exceptional). This rating will provide for the acceptance of our policies with all residential lenders in the state of Florida.

The Company is anticipating the purchase of both quota share and catastrophe excess of loss reinsurance through reputable reinsurers, approved by the Florida Office of Insurance Regulation, to supplement its coverage through the Florida Hurricane Catastrophe Fund.

Currently, Southern Fidelity is offering limited appointments to all agencies with policies that are scheduled to be assumed by Southern Fidelity.

A voluntary program, offering a variety of Homeowners and Dwelling Fire products has been established and is open for appointments..

Southern Fidelity is committed to meeting the needs of Florida homeowners and agents alike. All policy, customers service and claims functions will be handled by experienced insurance professionals. Our associates pride themselves on offering fast, efficient and courteous service to our policyholders and agency partners.