American Strategic Insurance

ASI's three company values (Attitude, Speed and Innovation) are displayed throughout the company's headquarters.{{Cite web|url=http://www.tampabay.com/news/business/tough-test-forged-bonds-between-american-strategic-insurance-employees/1080872|title=Tough test forged bonds between American Strategic Insurance, employees|website=Tampa Bay Times|access-date=2016-04-05|archive-url=https://web.archive.org/web/20160419212444/http://www.tampabay.com/news/business/tough-test-forged-bonds-between-american-strategic-insurance-employees/1080872|archive-date=2016-04-19|url-status=dead}} ASI moved their headquarters in 2013 to a new campus built to withstand a Category 5 hurricane. The 13-acre campus holds two company buildings, and includes an employee gym and an R'Club child care facility.{{Cite web|url=http://www.bizjournals.com/tampabay/news/2013/09/13/american-strategic-insurance-hq.html|title=American Strategic Insurance HQ expansion continues - Tampa Bay Business Journal|website=Tampa Bay Business Journal|access-date=2016-04-05}}{{Cite web|url=http://www.floridatrend.com/article/15903/american-strategic-insurance|title=American Strategic Insurance|website=Florida Trend|access-date=2016-04-05}} R'Club Child Care, Inc., a nonprofit child care provider in Pinellas County, Florida, opened its new location at ASI's campus in 2014, offering over 200 slots with priority given to ASI employees.{{Cite web|url=https://www.tampabay.com/news/rclub-expands-its-child-care-programs-with-acquisition-of-coordinated/2183072/|title=R'Club expands its child care programs with acquisition of Coordinated Child Care|website=Tampa Bay Times|access-date=2016-04-05}}

ASI has also been a Better Business Bureau Accredited Business since 2004, and currently holds a rating of A+.{{Cite web|url=http://www.bbb.org/west-florida/business-reviews/insurance-companies/american-strategic-insurance-group-in-saint-petersburg-fl-19000514|title=BBB Accredited Business Review for American Strategic Insurance Group|website=www.bbb.org|access-date=2016-04-05}}

ASI was one of several major homeowners insurance carriers tested by the Atlantic hurricane season of 2004, which included Hurricane Charley, Hurricane Frances, Hurricane Ivan and Hurricane Jeanne. The 2004 hurricane season was the company's first opportunity for a strong impression with policyholders.{{Cite web|url=http://www.tampabay.com/news/business/tough-test-forged-bonds-between-american-strategic-insurance-employees/1080872|title=Tough test forged bonds between American Strategic Insurance, employees|website=Tampa Bay Times|access-date=2016-04-05|archive-url=https://web.archive.org/web/20160419212444/http://www.tampabay.com/news/business/tough-test-forged-bonds-between-american-strategic-insurance-employees/1080872|archive-date=2016-04-19|url-status=dead}}

ASI's current expansion goals are largely attributed to its acquisition by Progressive in April 2015. While this transaction allowed Progressive to have a controlling interest of 67%, Progressive has owned as much as 5% since 2012.{{Cite news|url=https://www.wsj.com/articles/progressive-unveils-plans-to-buy-home-insurer-asi-1418740224|title=Progressive Unveils Plans To Buy Home Insurer ASI|last=Dulaney|first=Chelsey|newspaper=Wall Street Journal|issn=0099-9660|access-date=2016-04-05}} Progressive paid $875 million for the acquisition.{{Cite web|url=http://www.insurancejournal.com/news/national/2014/12/16/350221.htm|title=Progressive Insurance Acquiring Homeowners Group ASI for $875M|website=Insurance Journal|date=16 December 2014|language=en-US|access-date=2016-04-05}} The strategic partnership between the two companies allows them to compete in the coveted insurance bundling market. Despite the acquisition, ASI still operates as an independent company, with CEO John Auer as its head.

ASI currently sells homeowners, dwelling fire, renters, condo, commercial property, flood and umbrella coverage. Their policies are sold through over 7,000 appointed independent agencies. These agents are able to bundle ASI homeowners products with Progressive auto policies as long as the agents are appointed with both companies.{{Cite web|title = Progressive Corp - News Release|url = http://investors.progressive.com/mobile.view?c=81824&v=203&d=1&id=1999743|website = investors.progressive.com|accessdate = 2015-11-18}}{{Dead link|date=June 2020 |bot=InternetArchiveBot |fix-attempted=yes }}

ASI began offering a private flood insurance product as an alternative to the NFIP in Florida. However, the company is currently taking what CEO John Auer calls "a cautious stance" with excess flood and private flood insurance policies, by only writing homes that are 2,500 feet away from water on the West coast of Florida and 1,000 feet away from the water on the East coast of the state.{{Cite web|url=http://www.insurancejournal.com/magazines/features/2016/01/11/394055.htm|title=Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market|website=Insurance Journal|date=11 January 2016|language=en-US|access-date=2016-04-05}}

ASI functions as an insurance group with multiple insurance companies under the parent company ARX Holding Corp. These subsidiaries include:{{Cite web|url=https://www.americanstrategic.com/AboutUs/our_companies.aspx|title=Our Group of Companies {{!}} ASI|website=www.americanstrategic.com|access-date=2016-04-05|archive-url=https://web.archive.org/web/20160416104607/https://www.americanstrategic.com/AboutUs/our_companies.aspx|archive-date=2016-04-16|url-status=dead}}

• American Strategic Insurance Corp.
• ASI Lloyds
• ASI Assurance Corp.
• ASI Preferred Insurance Corp.
• ASI Select Insurance Corp.
• American Capital Assurance Corp.
• ASI Home Insurance Corporation
• ASI Underwriters
• ASI Underwriters of Texas, Inc.
• Safe Harbour Underwriters, LLC

John Auer, president and CEO at ASI, serves as a board member and chair-elect of the Florida Hurricane Catastrophe Fund Advisory. Previously, John was appointed to Florida's Property and Casualty Reform Committee's technical advisory council. He also served on boards of the Florida Windstorm Underwriting Association and the Insurance Institute for Property Loss Reduction (now the Institute for Business & Home Safety).American Strategic Insurance | About Us| url = https://americanstrategic.com/AboutUs/management.aspx {{Webarchive|url=https://web.archive.org/web/20160304083138/https://www.americanstrategic.com/AboutUs/management.aspx |date=2016-03-04 }} Auer also attended the first Florida Flood Insurance Conference in 2015.{{Cite web|url=http://www.insurancejournal.com/magazines/features/2016/01/11/394055.htm|title=Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market|website=Insurance Journal|date=11 January 2016|language=en-US|access-date=2016-04-05}}

Angel Conlin, general counsel at ASI serves as the chair of the Florida Insurance Council Executive Committee and Board.{{Cite web|title = Insurance attorney: Assignment of benefits "sinkholes lite" - SaintPetersBlog|url = http://www.saintpetersblog.com/archives/243769|website = SaintPetersBlog|accessdate = 2015-11-18|language = en-US}}{{Cite web|title = About Us - Florida Insurance Council|url = http://www.flains.org/about-us.html|website = www.flains.org|accessdate = 2015-11-18}}

"The Battery Project" is an annual campaign that ASI has done from their inception. Each year, they mail 9-volt batteries to their policyholders to remind them of the importance of ensuring their smoke alarms are working and have adequate power. ASI CEO, John Auer, has been quoted as saying “ASI can repair your home, but we can't replace you or your loved ones.” {{Cite news|title = ASI Reminds Its Customers a Simple 9-Volt Battery Can Be the Difference Between Life & Death|url = https://www.reuters.com/article/2015/04/10/idUSnCCN3DWXM5+1de+MKW20150410|archive-url = https://web.archive.org/web/20151120073248/http://www.reuters.com/article/2015/04/10/idUSnCCN3DWXM5+1de+MKW20150410|url-status = dead|archive-date = 2015-11-20|newspaper = Reuters|date = 2015-04-10|access-date = 2015-11-18}}

In 2015, ASI ran a fundraiser for Southeastern Guide Dogs (a nonprofit organization that trains guide dogs for the vision impaired and for veterans suffering from post-traumatic stress disorder) to assist in building a new 20,000-square-foot puppy academy building.{{Cite web|url=http://www.bradenton.com/news/local/article36392859.html|title=Palmetto's Southeastern Guide Dogs plans new $4.7M puppy academy|website=bradenton|access-date=2016-04-05}}

In 2015, ASI was named on the Best Companies To Work For In Florida list by Florida Trend for the seventh year in a row,{{Cite web|url=http://www.floridatrend.com/print/article/18725|title=American Strategic Insurance Corp. {{!}} Florida's Best Companies 2015 - Florida Trend|website=www.floridatrend.com|access-date=2016-04-05}} and one of the Top Workplaces in Tampa Bay by the Tampa Bay Times for the sixth year in a row.{{Cite web|url=http://www.tampabay.com/topics/specials/top-tampa-bay-workplaces.page|archive-url=https://web.archive.org/web/20140414172127/http://www.tampabay.com/topics/specials/top-tampa-bay-workplaces.page|url-status=dead|archive-date=April 14, 2014|title=Top 100 Places to Work in Tampa Bay|website=www.tampabay.com|access-date=2016-04-05}}

In 2016, ASI CEO John Auer won the Engaged Philanthropist Award at the 11th Annual WEDU Be More Awards, which recognizes individuals who distinguish themselves in the nonprofit community by engaging entrepreneurial skills to build a successful nonprofit endeavor.{{Cite web|url=http://www.wedu.org/wp-content/uploads/2016/02/020416_BMA11.pdf|title=Winner's of the 11th Annual WEDU Be More Awards Announced at Tropicana Field|last=WEDU|date=February 4, 2016|website=WEDU.org|publisher=WEDU|access-date=April 5, 2016}}

ASI has a strong financial strength rating of A (Excellent) by AM Best Co.{{Cite web|title = American Strategic Insurance Corp - Company Profile - Best's Credit Rating Center|url = http://www3.ambest.com/ratings/entities/CompanyProfile.aspx?BL=0&ambnum=12150&AltNum=189712150&AltSrc=3|website = www3.ambest.com|accessdate = 2015-11-04}} In a financial stability rating done on Florida specific homeowners insurance carriers, ASI was one of only two private corporations that the group recommended as stable.{{Cite web|title = Weiss Ratings give low grades to 35 Florida property insurers|url = http://www.bizjournals.com/jacksonville/news/2011/10/12/weiss-ratings-give-low-grades-to-35.html|website = Jacksonville Business Journal|accessdate = 2015-11-04}} In 2012, three affiliates of ASI—ASI Assurance Corp., ASI Preferred Insurance Corp. and ASI Lloyds—also received an A (Excellent) rating by AM Best Co. Two other affiliates, American Capital Assurance Corp. and ACA Home Insurance Corp., were upgraded from a B++ rating to an A rating.{{Cite web|url=http://www.bizjournals.com/tampabay/news/2012/08/09/am-best-upgrades-american-strategic.html|title=A.M. Best upgrades American Strategic Insurance rating - Tampa Bay Business Journal|website=Tampa Bay Business Journal|access-date=2016-04-05}}

In 2015, Progressive acquired an additional 62 percent of ASI for $875Mil, bringing their total shares to 67 percent.{{Cite web|title = Progressive Insurance has $875M deal for American Strategic Insurance|url = http://www.bizjournals.com/tampabay/news/2014/12/16/flo-is-making-herself-at-home-in-st-petersburg.html|website = Tampa Bay Business Journal|accessdate = 2015-11-04}}

Currently, ASI has over $1 billion in written premium and $640 million in surplus.{{Cite web|title = Progressive buying majority stake of St. Petersburg's American Strategic Insurance|url = https://www.tampabay.com/news/business/banking/progressive-buying-majority-stake-of-american-strategic-insurance/2210393/|website = Tampa Bay Times|access-date = 2015-11-04}}

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