News Releases

FLORIDA FAMILY INSURANCE COMPANY
A.M. BEST RATING RE-AFFIRMED

Naples, Florida, May 30, 2006… Celebrating its tenth year of operation, Florida Family Insurance Company has once again received reaffirmation of its “B++” (Very Good) financial stability rating from A.M. Best Company. A.M. Best also confirmed that the company’s outlook remains “Stable.” This rating and outlook statement recognizes Florida Family’s conservative operating strategies, favorable capitalization, local market knowledge, and focus on financial protection.

Rick Hardy, President and CEO of Florida Family said, “The 2004 and 2005 storm seasons were very difficult for Florida property owners and the homeowners insurance industry, alike. We’re very proud of the outstanding service that our staff provided to our policyholders. With the 2006 storm season now around the corner, we are pleased that we have once again been confirmed as a strong, viable market by industry financial experts. Florida Family’s ‘B++’ rating equates to a renewed expression of confidence that sends a clear message to our policyholders: ‘Florida Family is prepared to meet your needs, and we are positioned to remain the stable, dependable market that we have been since we opened our doors in May 1996.’”

Florida Family Insurance Company is qualified to provide protection to homes insured by federal government agencies, such as Fannie Mae and Freddie Mac. The rating again cites Florida Family's consistent operating performance, pointing to the company's emphasis on security and profitability.

The Company serves more than 90,000 families within the state of Florida, writing homeowners, dwelling fire and flood insurance products, distributed through a network of qualified Florida Independent Insurance Agents.