Statements in this Press Release that Are Not Historical Fact Are Forward-Looking Statements at the Mercy of Certain Risks and Uncertainties
The Company’s CEO and President, Michael H. Braun, and it is CFO, Peter J. Prygelski, III, will talk about the financial resultsand review the outlook for that Company. Messrs. Braun and Prygelski invite your list to participate in the conference call. Listeners considering taking part in the Q&A session can access the business call by dialing toll-free 866-501-5542. Participants are advised to join the phone call a minimum of 5 minutes ahead of time. A webcast replay from the business call is going to be available after that the live webcast is fully gone and may be accessed via the Company’s website.
About the Company
The Company, through its subsidiaries, underwrites homeowners’ property and casualty, commercial general liability, commercial home, flood, personal automobile, commercial automobile, inland marine, workers’ compensation and private umbrella insurance in the state of Florida. The business can also be licensed just as one admitted carrier in the us of Alabama, Georgia, Louisiana and Texas to supply coverage for more than 300 classes of business general liability business, including special occasions. The Company qualifies to function as being a surplus lines/non-admitted carrier in the usa of Arkansas, Kentucky, Maryland, Missouri, Nevada, Oklahoma, Sc, Tennessee, and Virginia and provides exactly the same general liability products. The Company is licensed and contains the facilities to promote and underwrite other insurance carriers’ lines of business, as well as to process and adjust claims for third party insurance companies.
Safe harbor statements within the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical fact are forward-looking statements at the mercy of certain risks and uncertainties that can cause actual events and leads to differ materially from those discussed herein. Without limiting the generality of the foregoing, words including “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “should,” “estimate,” or “continue” or perhaps the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. The potential risks and uncertainties include, without limitation, the expenses of reinsurance as well as the collectability of reinsurance; the prosperity of the Company’s growth and marketing initiatives and introduction of the awesome lines; inflation along with other alterations in economic conditions (including adjustments to interest levels and markets); the impact of legislation and regulations adopted in Florida and the other states through which we do business which get a new property and casualty insurance market; assessments charged by various governmental agencies; pricing competition and also other initiatives by competitors; our capability to obtain regulatory approval for requested rate changes and/or alterations in our capital structure, and the timing thereof; the outcome of litigation pending against us or that is commenced contrary to the Company after the date hereof, like the regards to any settlements; attachment to investment income along with the composition of our investment portfolio; the adequacy in our liability for loss and loss adjustment expense; insurance agents; claims experience; ratings by industry services (a withdrawal or decrease in our rating(s) could limit us from writing or renewing policies and could cause the Company’s insurance plans to no longer be acceptable on the secondary marketplace and lenders); catastrophe losses; attachment to key personnel; conditions (like the severity and frequency of storms, hurricanes, tornadoes and hail); alterations in driving patterns and loss trends; acts of war and terrorist activities; court decisions and trends in litigation, and medical care and auto repair costs; and also other matters described every so often by us in our filings with all the SEC. Additional risks will also be set forth inside Company’s Form 10-K for your fiscal year ended December 31, 2010, filed while using SEC on March 31, 2011, and in the business’s subsequent filings under the Securities Exchange Act of 1934. In addition, investors probably know that generally accepted accounting principles prescribe each time a company may reserve for particular risks, including litigation exposures. Accordingly, latest results for certain reporting period could possibly be significantly affected in the case when a reserve is established for the major contingency.