News Releases

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

Bonita Springs, Florida July 10, 2008… A.M. Best Company has once again reaffirmed Florida Family Insurance Company’s “B++” (Good) financial stability rating. A.M. Best also confirmed that the Company’s outlook remains “Stable”. The rating and outlook statement recognize Florida Family’s consistent conservative operating strategies, favorable capitalization, local market knowledge and focus on financial protection.

Rick Hardy, President and CEO said, “We are very pleased that the premier rating agency, A.M. Best, has reaffirmed our “B++” Stable rating. As a Florida property insurer that has protected policyholders through the challenging hurricane seasons of 2004 and 2005, we look forward to continuing to be there, year in and year out, when our policyholders need us. Our mission has always been to provide superior quality service, while remaining a secure, reliable provider of financial protection for our policyholders and a strong, viable market for our agents.”

The B++ rating follows an annual A.M. Best review of Florida Family’s management, operations, reinsurance program and investments. 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, highlighted by the Company’s emphasis on profitability and security.

Demotech, Inc., another rating agency service authorized by the federal agencies to provide financial stability ratings of insurance companies, rates Florida Family as “A Prime.”

The Company serves more than 100,000 policyholders throughout the state of Florida writing homeowners, dwelling fire, and flood insurance products, distributed though a network of qualified Florida Independent Insurance Agents.