South Florida Business Journal Recognizes Innovative Homeowners Insurance Company
DEERFIELD BEACH, Fla. (21-August-2015) – People’s Trust Insurance is the 2nd fastest growing private company in South Florida, according to a ranking released Thursday by the South Florida Business Journal (SFBJ).
The business publication’s list of “Fast 50” is based on growth from 2012- 2014 and how that development has translated into jobs and additional economic investment. The Fast 50 SFBJ list highlights companies with more than $25 million in annual revenue and companies with less than $25 million in annual revenue. With People’s Trust being recognized as a company with more than $25 million in annual revenue.
“We're honored by this recognition which validates our unique approach which is a better way to insure your home and help keep rates affordable,” said George Schaeffer, People’s Trust Chairman and CEO. “Our goal isn't to be the biggest; it’s to be Florida’s best prepared homeowner’s insurance company. We want to build on our innovative business model and maintain the financial strength and upfront investments needed to weather the impacts of any future storms so that we will be there for our policyholders when they need us most.”
In an industry known more for its dysfunction than for its innovation, People’s Trust has emerged as a leader with more than 140,000 policyholders across Florida which is impressive considering the company has never done a Citizen’s takeout.
Schaeffer also attributes the company’s great success to his investment in its affiliate, Rapid Response Team, Florida’s largest insurance restoration General Contractor.
“We now have 11 response centers across Florida with more than 325 full-time construction technicians and roofers, 150 service trucks and millions of dollars in recovery supplies. Combining this upfront investment in preparedness with our strong surplus and reinsurance program we have the physical and financial resources to respond to our policyholders when they need us most. ” Schaeffer added.
People’s Trust has been assigned a Financial Stability Rating ® of A, Exceptional, from Demotech, Inc., an independent financial analysis firm.
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About People’s Trust Insurance
Founded in 2008, People's Trust Insurance has emerged as one of Florida's top 10 home insurance companies, providing homeowners with affordable rates and benefits not available anywhere else. Honored with the 2013 Enterprise Florida Governor's Innovators in Business Award, People's Trust provides a “Better Way” for more than 140,000 Floridians to insure their homes. With more than 600 employees in our family of companies and an affiliation with Florida’s largest insurance restoration general contractor, People’s Trust is Florida’s best-prepared home insurance company and a full partner in our policyholders’ recovery after loss.