Latest news with #FCCIInsuranceGroup
Yahoo
16-06-2025
- Business
- Yahoo
AM Best Affirms Credit Rating of FCCI Insurance Company
SARASOTA, Fla., June 16, 2025 /PRNewswire/ -- AM Best has affirmed the Financial Strength Rating of A (Excellent) for FCCI Insurance Company and its subsidiary insurers1 of FCCI Insurance Group (FCCI). The outlook assigned to this Credit Rating is stable. The affirmation on June 10, 2025, reflects FCCI's strong balance sheet, operating performance, and appropriate enterprise risk management. "We are pleased that AM Best continues to recognize our financial strength and commitment to long-term stability," said Cina Welch, President & CEO of FCCI Insurance Group. "This rating reinforces our ability to deliver on the promises we make to our policyholders, agents, and partners." 1 FCCI Insurance Group includes insurer subsidiaries Brierfield Insurance Company, FCCI Specialty Insurance Company, Monroe Guaranty Insurance Company, and National Trust Insurance Company. As part of a planned wind down, FCCI Commercial Insurance Company and FCCI Advantage Insurance Company surrendered their Florida certificates of authority and are no longer part of the AM Best rating process. Their business was fully absorbed within FCCI Insurance Group's other admitted carriers years ago, with no disruption to our agency partners, claimants, and policyholders. About AM BestAM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, and Mexico City. For more information, please visit About FCCI FCCI Insurance Group (FCCI) provides commercial property and casualty insurance, risk control services, and surety bonds. FCCI writes business exclusively through more than 3,800 independent agents in 20 states, plus Washington, D.C. Coverages include auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers' compensation. Contract and commercial surety bonds are written in 45 states. FCCI insures over 12,000 policyholders across various industries, including agribusiness, construction, manufacturing, medical and professional, restaurants and hospitality, retail, service and repair, and wholesale and distribution. FCCI has $3.3 billion in assets, $1.2 billion in direct written premium, and is rated A (Excellent) by A.M. Best Company. FCCI has regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas, and Virgina. For more information, please visit View original content to download multimedia: SOURCE FCCI Insurance Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
22-05-2025
- Business
- Barnama
FCCI Insurance Group Honored with Duck Creek Standard of Excellence Customer Award at Formation '25
BOSTON, May 22 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named FCCI Insurance Group (FCCI) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation '25, its flagship customer conference held this week in Orlando, Florida. The Duck Creek Standard of Excellence Customer Award recognizes customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions to transform their business and shape the future of insurance.
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
FCCI Insurance Group Honored with Duck Creek Standard of Excellence Customer Award at Formation '25
BOSTON, May 21, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named FCCI Insurance Group (FCCI) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation '25 , its flagship customer conference held this week in Orlando, Florida. The Duck Creek Standard of Excellence Customer Award recognizes customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions to transform their business and shape the future of insurance. FCCI was recognized for its successful launch of Excess & Surplus (E&S) offerings using a suite of Duck Creek's solutions, including Policy, OnDemand, Data Insights/Clarity, Distribution Management, and Digital Engagement Producer. FCCI is a commercial property and casualty insurance company that serves mid-sized businesses across various industries, including agribusiness, construction, healthcare, hospitality, retail, and manufacturing. Their product offerings include workers' compensation, property, and general liability insurance. Originally founded in 1959 in Sarasota, Florida, FCCI has grown into a super-regional provider, delivering standard lines commercial insurance services in 19 states, with Surety and Specialty operating in an expanded state footprint. The company emphasizes its network of more than 550 contracted agencies and more than 3,800 independent agents. FCCI's recent expansion into E&S lines focused on enhancing digital capabilities, streamlining operations, and speed to market for new offerings. By implementing Duck Creek's Policy Administration System and Active Delivery model, FCCI achieved straight-through processing, automated intake, and seamless integration. Regulatory compliance was strengthened while a modern self-service portal provided agents with real-time capabilities. 'Our goal was to reimagine how we serve the commercial insurance market, particularly within E&S lines, and Duck Creek helped us do just that,' said Dave Patel, EVP & Chief Information Officer at FCCI Insurance Group. 'This award is a testament to the innovation, collaboration, and determination of everyone involved in bringing this vision to life.' Despite the complexities of E&S markets and a tight implementation timeline, FCCI collaborated closely with Duck Creek, Cognizant, and other partners to design, test, and deploy a future-ready solution and ensure quality delivery of production environments. Following a successful implementation, the launch of FCCI Specialty exceeded initial projections for both premium and policy count, resulting in excitement and positive feedback from FCCI's trusted agency partners. 'From enhanced agent experiences to agile regulatory adaptation, FCCI's story is a powerful example of what's possible through technology, teamwork, and forward-thinking leadership,' said Chris McCloskey, Chief Operating Officer of Duck Creek Technologies. 'Their success reflects not only the power of our platform, but also the dedication of their team and partners in transforming complex business requirements into real, measurable outcomes.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite , and all are available via Duck Creek OnDemand . Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X . Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ About FCCI Insurance Group – Founded in 1959 in Sarasota, Florida, FCCI Insurance Group provides commercial property and casualty insurance, risk control services, and surety bonds. FCCI writes business exclusively through more than 3,800 independent agents in 20 states, plus Washington, D.C. Coverages include auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers' compensation. Contract and commercial surety bonds are written in 45 states. FCCI insures over 12,000 policyholders across various industries, including agribusiness, construction, manufacturing, medical and professional, restaurants and hospitality, retail, service and repair, and wholesale and distribution. FCCI has $3.3 billion in assets, $1.2 billion in direct written premium, and is rated A (Excellent) by A.M. Best Company. FCCI has regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas, and Virginia.
