Fortegra Financial Corporation Announces the Formation of New Excess and Surplus Lines Subsidiary Fortegra Specialty Insurance Company.

Business Wire | October 01, 2020

Fortegra Financial Corporation, a leading specialty insurer and subsidiary of Tiptree Inc. Announced today the formation of a new excess and surplus lines subsidiary, Fortegra Specialty Insurance Company. Now that it has received approval in its domicile state of Arizona, Fortegra’s new E&S subsidiary is working to obtain the remaining regulatory approvals necessary to conduct business throughout the United States. Fortegra anticipates that underwriting within the E&S company will commence in the fourth quarter of 2020. Richard Kahlbaugh, CEO of Fortegra, commented, We have seen rates harden in the market. The catalysts for the hardening are diverse and as such we expect the trend to continue for the foreseeable future. Adding an excess and surplus lines company to our portfolio was a natural response, allowing us to broaden our product reach and scope within the U.S.

Spotlight

Since the 1940s, your access to health insurance has been tied to who you work for or who you are married to. Unless you were independently wealthy it just wasn’t possible to get affordable healthcare. The Affordable Care Act helped more people gain access to affordable health insurance, but as the protections and rules established in that legislation are being eroded it is once again becoming difficult to gain access to affordable health insurance that actually covers the things you need covered. As the 40 hour workweek disappears and people rely more on the gig economy for income, health insurance is going to need to change with the times.

Spotlight

Since the 1940s, your access to health insurance has been tied to who you work for or who you are married to. Unless you were independently wealthy it just wasn’t possible to get affordable healthcare. The Affordable Care Act helped more people gain access to affordable health insurance, but as the protections and rules established in that legislation are being eroded it is once again becoming difficult to gain access to affordable health insurance that actually covers the things you need covered. As the 40 hour workweek disappears and people rely more on the gig economy for income, health insurance is going to need to change with the times.

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