The State of Florida requires insurance companies to maintain a minimum of $5 million in capital to protect customers in emergencies. We don't believe in doing just the minimum.
We preserve a surplus of over $60 million to help us pay claims. We are also re-insured by major insurance companies to cover all anticipated claims for a 100-year storm, including multiple storms in a single season. We have carefully chosen our re-insurance partners for their financial stability, business longevity and knowledge of the special needs of Florida's marketplace. Our industry relationships are stronger than the capital market's uncertainty.
Florida Peninsula has received an "A Exceptional" Financial Stability Rating® (FSR) from Demotech, Inc., an independent financial analysis and actuarial services firm. This rating is accepted by mortgage companies, Fannie Mae, Freddie Mac and HUD.