What is the financial security of Southern Fidelity?
The Louisiana Department of Insurance (LA DOI) has strict regulations regarding a company’s financial condition and the financial capital required to admit a new insurance company to the state. SFIC has met all of the LA DOI’s financial requirements and received a Certificate of Authority from the LA DOI. SFIC’s reinsurance program will minimize catastrophe exposure by transferring the risk to a consortium of reinsurance companies. All companies providing reinsurance to SFIC will have a rating of “A” or better by AM Best. The company is managed by an experienced executive team well seasoned in and committed to the Louisiana property market. SFIC pledges to be responsible underwriters in all facets of our business – from claims adjudication, policy administration, reinsurance placement, and all other components of our business.
