SOURCE: Florida Peninsula Insurance Company

February 17, 2009 10:20 ET

Florida Peninsula Insurance Company Advises State It Is Prepared to Take On up to 100,000 State Farm Policies

Fifth Largest Florida-Based Homeowners Insurer Has Capacity and Infrastructure to Comfortably Handle the New Business

BOCA RATON, FL--(Marketwire - February 17, 2009) - Florida Peninsula Insurance Company, a domestic property and casualty company writing multi-peril homeowners, condo and renters policies statewide, is prepared to insure up to 100,000 potentially displaced State Farm customers due to its planned withdrawal from the state.

"Over the past four years, we have worked hard to earn the respect and admiration of our customers and independent agents by providing competitive rates, superior customer service and fast, fair claims handling," said Roger L. Desjadon, partner and CEO of the company. "We thought it was important to advise the Office of Insurance Regulation that we are prepared to do everything we can with our capacity and infrastructure to service those who may lose their coverage."

Interested Floridians can visit our website at www.floridapeninsula.com to locate an independent agent in their area. All they have to do is enter their zip code and a list of agents will appear. They can also reach customer service by dialing (877) 900-3973.

ABOUT FLORIDA PENINSULA INSURANCE COMPANY: Founded by a team of veteran insurance professionals, Florida Peninsula Insurance Company (www.floridapeninsula.com) provides multi-peril homeowners insurance to single-family residential and condominium homeowners throughout the state of Florida. Currently, the company is ranked #5 among domestic writers and in the top 10 of all companies offering multi-peril homeowners insurance in the state. The company insures approximately 110,000 dwellings with annual premiums of $190 million. Florida Peninsula markets through a network of 2,000 independent insurance agents located throughout the state. Our aim is to combine the latest technology with old-fashioned courtesy and customer service, providing efficient, cost-effective, peace-of-mind protection for our policyholders. Florida Peninsula was first issued a Certificate of Authority to do business in April 2005 by the Florida Office of Insurance Regulation. For more information call (877) 900-3973.

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