![]() Financial strength, product expertise, a comprehensive. As we celebrate Tower Hill’s 50th anniversary, we remain dedicated to the Florida market, our agency partners and customers. About Tower Hill: Founded in 1972, Tower Hill Insurance is a leader among residential and commercial property insurers in the Southeast. We look forward to expanding together in 2022 and beyond. Tower Hill Group, which on May 31 stopped writing business into Tower Hill Preferred Insurance Company and Tower Hill Signature Insurance Company and took a voluntary withdrawal of their FSR A-rating from Demotech. Especially for our agency partners, transitioning to the reciprocal insurer business model affords continued growth through increased capacity availability. which has a 36.5 rate increase request still under consideration by the Florida Office of Insurance Regulation. Additionally, all Tower Hill Preferred and Tower Hill Signature policyholder claims will be processed as usual.Īt Tower Hill, we’re excited about the opportunities Exchange offers to both our agents and customers. As of May 31, Exchange and Tower Hill Prime will retain FSRs of A, Exceptional, from Demotech, which were affirmed on March 30, 2022, and April 11, 2022, respectively.Īs Tower Hill Preferred and Tower Hill Signature wind down, they will be covered under Exchange’s reinsurance program until all policies have rolled off. To leave an anonymous fraud tip, you can also contact the National Insurance Crime Bureau at 800. We look forward to continuing our relationship with Demotech as we move forward with Exchange and Tower Hill Prime Insurance Company. Please contact Tower Hill’s Customer Service Center at 800.342.3407 or call your local law enforcement if you suspect that you’ve received a fraudulent check or have been contacted by someone offering a Tower Hill check in exchange for funds. for these two companies effective May 31, 2022. With the cessation of business flowing into Tower Hill Preferred and Tower Hill Signature, the next step in our strategic plan is to voluntarily withdraw the Financial Stability Ratings ® of A, Exceptional, assigned by Demotech, Inc. As of May 16th, our renewals for these two carriers are rolling into Exchange. With accreditation and A+ rating from the Better Business Bureau, we believe. The insurance company offers comprehensive coverage, including catastrophic ground cover collapse coverage. ![]() Financial strength, product expertise, a comprehensive reinsurance program, and exceptional claims service are. Founded in 1972, Tower Hill Insurance is a leader among residential and commercial property insurers in the Southeast. With the launch of Tower Hill Insurance Exchange (Exchange) in January 2022 and the subsequent transfer of renewals this spring, Tower Hill Preferred and Tower Hill Signature Insurance Companies ceased accepting new business mid-February. Tower Hill Insurance Group is a Florida insurance company with several subsidiaries, including Tower Hill Prime, Tower Hill Preferred, and Tower Hill Signature. Specialties: Florida Homeowners Insurance, Renters Insurance, Condo Insurance, Dwelling Fire (Rental Property) Insurance, Commercial Insurance Established in 1972. ![]()
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