 |
|
|
|
 |
 |
 |
 |
|
|
 |
|
| AUGUST 8, 2008 |
| LAST TRADED: |
$6.28 |
| CHANGE: |
-0.18 |
| OPEN: |
$6.36 |
| HIGH: |
$6.45 |
| LOW: |
$6.13 |
| VOLUME: |
73809 |
| |
|
| 52-WEEK |
| HIGH: |
$17.43 |
| LOW: |
$6.01 |
|
|
|
|
|
|
|
| |
|
 |
 |
| |
|
21st Century Holding Company (NASDAQ : TCHC) is an insurance holding company, which, through its
subsidiaries and its contractual relationships with its independent agents and
general agents, controls and generates revenue from substantially all aspects of its
insurance businesses. 21st Century Holding Company is authorized to underwrite
homeowners property and casualty insurance, commercial general liability insurance,
personal automobile insurance, and commercial automobile insurance in various states
with various lines of authority though its wholly owned subsidiaries, Federated
National Insurance Company and American Vehicle Insurance Company.
Federated National Insurance Company was formed in January of 1992 and subsequently acquired by the current shareholders of 21st Century Holding Company.
The acquisition of Federated National Insurance Company was made to provide a means to better control the business and underwriting risk and to enhance operating margins.
Federated National’s main business is the writing of homeowners insurance in the state of Florida.
This product is marketed through hundreds of quality agents throughout the state to homeowners in search of property and liability coverage for their home or condominium.
Federated National is an approved carrier that writes flood insurance through the National Flood Insurance Program.
Federated National also continues to maintain a small book of private passenger automobile business.
American Vehicle Insurance Company was acquired in September 2001.
American Vehicle Insurance Company is authorized to underwrite personal and commercial automobile insurance and commercial general liability insurance in Florida as an admitted carrier. In addition, American Vehicle Insurance Company is authorized to underwrite commercial general liability insurance in Arkansas, California, Georgia, Kentucky, Maryland, Missouri, Nevada South Carolina and Virginia as a surplus lines carrier and in Texas, Louisiana and Alabama as an admitted carrier. American Vehicle Insurance Company is seeking to expand its lines and as such, has pending applications, in various stages of approval, to be authorized as a surplus lines carrier in additional states.
Assurance Managing General Agents, Inc. (Assurance MGA) was formed in October of 1994.
The purpose was to create a vehicle to attract additional markets to support the retail sales organization operations, stabilize operating expenses to the insurance companies and add additional revenue through policy fee income.
Assurance MGA currently provides all underwriting policy administration, marketing, accounting and financial services to Federated National Insurance Company and American Vehicle Insurance Company.
Federated Premium Finance, Inc. (Federated Premium) was formed in January of 1987.
The purpose of Federated Premium Finance was to provide an in-house premium financing facility to support the retail sales organizations and to enhance revenues and net income.
Superior Adjusting, Inc. (Superior) was established in January of 1995 to function as the claims administrator for Federated National Insurance Company. Since Superior Adjusting’s inception, it has maintained an exceptional record, efficiently processing claims for Federated National Insurance Company, American Vehicle Insurance Company and independent third party insurers.
The purpose of forming Superior was to create an in-house claims capability. By bringing the claims operation in-house, the Company has managed the claims more efficiently.
Superior currently processes claims for Federated National Insurance Company, American Vehicle Insurance Company and third party insurance companies that contract with Superior.
Insure-Link, Inc. (Insure-Link) was formed in March 2008. Insure-link was created
to serve as an independent insurance agency. The insurance agency markets to the
general public to serve all of their insurance needs. Insure-link will acquire new
business through both marketing and acquisition.
|
|
|
|
|
|
|
 |
|
|
|
|
|
FEDUSA, 21st Century Holding Company The Company, through its subsidiaries, underwrites standard and non-standard personal automobile insurance, flood insurance, general liability insurance, mobile home insurance and homeowners’ property and casualty insurance in the State of Florida. The Company underwrites general liability in the state of Georgia as a surplus lines carrier. In addition, the Company has underwriting authority and process’ claims for third party insurance companies. In addition to insurance services, the Company offers premium finance services to its insureds as well as insureds of third party insurance companies. Lastly, the Company offers other ancillary services including licensing of its tax preparation software products, electronic income tax filing, tax preparation and tag and title transfer services
FEDUSA, 21st Century Holding Company, insurance, auto insurance, home insurance, homeowners insurance, commercial insurance, business insurance, car insurance, car insurance, life insurance, franchise, franchising, insurance franchise, tax franchise, insurance agency, FedUSA, financial services, insurance quote, federated national insurance company, american vehicle insurance company, expresstax, expresstax service, 21st century holding company
