About Us

History

The company was incorporated on December 16, 1977 under the laws of Florida. It began business on February 22, 1978. Capital paid up is $3,000,000, consisting of 500,000 shares of common stock at a par value of $6 per share. The company has 500,000 authorized shares.

Business Review

Service Insurance Company is a Florida based property oriented insurer which specializes in providing commercial habitational business, homeowner insurance, and flood insurance. The company focus is commercial habitational business where new construction standards are in place. The company utilizes approximately 130 independent agents in Florida. The company also writes commercial habitational business in South Caroline.

The Service Insurance Company is 100% owned subsidiary of Bay Area Insurance Services which is 45% owned by IAT Re. Other affiliated companies owned by Bay Area Insurance Services, Bay Area Claims Service which handles claims for Service Insurance's federal flood business and Pillar Insurance Agency which handles all of Service Insurance Company's personal lines business.

As mentioned earlier, the company participates in the Write Your Own (WYO) federal flood program. All of the flood operations are outsourced to National Flood Services. This business is 100% reinsured by the Federal Emergency Management Agency (FEMA).

Management

All of the outstanding capital stock is owned by sponsor, Bay Area Insurance Services, Inc., Bradenton, Florida, a holding company. Financial control of the parent company is held by the members of the Board of Directors.

The administrative affairs of the company are under the directions of David C. Cruikshank, president and chief executive officer. In May 1990, Mr. Cruikshank joined the company as president and chief operating officer. Mr. Cruikshank began his career in 1969 and worked for the Hartford Insurance Group and State Capital Insurance Company prior to joining Service Insurance Company.

Officers

		History The company was incorporated on December 16, 1977 under the laws of Florida. It began business on February 22, 1978. Capital paid up is $3,000,000, consisting of 500,000 shares of common stock at a par value of $6 per share. The company has 500,000 authorized shares. Business Review Service Insurance Company is a Florida based property oriented insurer which specializes in providing commercial habitational business, homeowner insurance, and flood insurance. The company focus is commercial habitational business where new construction standards are in place. The company utilizes approximately 130 independent agents in Florida. The company also writes commercial habitational business in South Caroline. The Service Insurance Company is 100% owned subsidiary of Bay Area Insurance Services which is 45% owned by IAT Re. Other affiliated companies owned by Bay Area Insurance Services, Bay Area Claims Service which handles claims for Service Insurance's federal flood business and Pillar Insurance Agency which handles all of Service Insurance Company's personal lines business. As mentioned earlier, the company participates in the Write Your Own (WYO) federal flood program. All of the flood operations are outsourced to National Flood Services. This business is 100% reinsured by the Federal Emergency Management Agency (FEMA). Management All of the outstanding capital stock is owned by sponsor, Bay Area Insurance Services, Inc., Bradenton, Florida, a holding company. Financial control of the parent company is held by the members of the Board of Directors. The administrative affairs of the company are under the directions of David C. Cruikshank, president and chief executive officer. In May 1990, Mr. Cruikshank joined the company as president and chief operating officer. Mr. Cruikshank began his career in 1969 and worked for the Hartford Insurance Group and State Capital Insurance Company prior to joining Service Insurance Company. Officers David C. Cruikshank, President and Chief Executive Officer Rose Waag, Secretary Carol A. Johnson, VP Information Systems Michael A. Gurley, VP Claims Timothy Flynn, VP Underwriting & Marketing Territory The company is licensed in over 40 states.