The merger of QualSure Insurance Corp. with and into Sunshine State Insurance Company of Ponte Verde Beach, Fla. has been approved by the Florida Office of Insurance Regulation according to Bruce K. Howson, SSIC president and CEO.
Howson said OIR issued a consent order for the merger effective Dec. 31, 2004. All agent contracts and existing active policies will be insured by SSIC as of Dec. 31. An SSIC statement said the merger will facilitate a seamless transition to SSIC service and that the merger will enable it to serve customers with a combined greater range of insurance services and products without sacrificing the quality of service their agents and policyholders receive.
QualSure previously provided a variety of building and liability coverage, standard and preferred personal property and homeowners insurance.
Sunshine State Insurance Company is an “A” rated Demotech company specializing in personal property insurance across Florida. Its coverages include homeowners, personal articles, dwelling fire, personal liability and builders risk products.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
