The company was incorporated in 1977 under the laws of Florida. It began business in February of 1978.
Rated A- (Excellent) by A.M. Best Company. Financial size category is Class V.
Service Insurance Company is a Florida-based, property-oriented insurer specializing in providing commercial package business and flood insurance. The company focus is commercial habitational business and office buildings where newer construction standards are in place. The company also writes commercial habitational business and office buildings in South Carolina.
Service Insurance Company is a wholly owned subsidiary of the IAT - Re Group of Companies. Other affiliated companies in Bradenton are Pillar Insurance Agency, Inc., a Managing General Agency, and Bay Area Claims Services, Inc., which processes claims for Service Insurance Company and Pillar Insurance Agency.
Service Insurance 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).
The day to day administrative affairs of the company are under the direction of David C. Cruikshank, Senior Vice President. Mr. Cruikshank joined the company in 1990. He began his career in 1969 and worked for the Hartford Insurance Group and State Capital Insurance Company prior to joining Service Insurance Company.
Stephen Stephano – President
David Pirrung – Treasurer
Timothy Flynn – VP Underwriting and Marketing
Carol Johnson – AVP IT, IAT Group
Michael Blinson - Secretary
The company is licensed in over 40 states.