The Auto Club South Insurance Company is based in Livonia, Michigan, and was founded in 1902. The company specializes in flood insurance for homes and businesses in three states throughout the USA. Flooding is the number one natural disaster in the United States, costing us more than a billion dollars each year. Unfortunately, standard homeowners insurance policies don’t cover the damages caused by flooding, and that’s where Auto Club South comes in.
ACICF
The Florida-based insurer of AAA has upgraded its financial strength rating and Long-Term Issuer Credit Rating. AM Best attributes its rating improvement to the company’s solid balance sheet, limited business profile, and appropriate enterprise risk management. The company has a very favorable financial profile, and a surprisingly strong operating ratio. In addition, the company has an excellent track record of maintaining a surplus, which indicates that it has the capacity to weather financial hardships.
In addition, the board has appointed three new senior executives to its management team. The company also promoted several current executives. Jeanine Raquet has 32 years of insurance experience. Most recently, she worked at Allstate Insurance Company. She has a background in strategic planning and organizational development. While at Allstate, she was the head of marketing and sales for the company’s national franchise. Her tenure has included leading teams in customer segmentation and multi-product direct distribution strategy.
ACICF has received several complaints regarding Auto Club South Insurance Company, citing violations of the Florida Insurance Code and the Florida Administrative Code. The company is open Monday-Friday, 8:30am-5pm. Yelp users have posted 18 reviews on the insurance agency, indicating a mix of positive and negative experiences. In addition, the company is listed on several sites, including Glassdoor and Yelp. The ACICF case number is 19-CA-005580.
ACSIC
ACSIC is an auto club south insurance company located in Tampa, Florida. Founded in 1991, ACSIC provides auto, property, and flood insurance. Its ratings are determined by AM Best, based on its very strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise risk management. Listed below are some of the benefits of ACSIC. Read on to find out more. ACSIC’s mission statement: “To provide a high-quality insurance experience for its clients.”
AAADrive(tm) Insurance Discount was launched by the Auto Club South Insurance Company in Florida in October 2018. This product enables customers to view driving scores on their smartphones and earn discounts. It is the first smartphone-based telematics product to receive approval from Florida’s Office of Insurance Regulation. Its technology is built on the FloowDrive platform. Currently, ACSIC provides insurance coverage for more than half a million vehicles.
Combined AAA Auto Club South and its Midwest counterpart will have 8,4 million members and approximately seven thousand employees. This will create the second largest club in the country behind the Auto Club enterprises in Southern California. The Midwest operation is based in Dearborn, Mich., and specializes in insurance and travel while the Tampa Bay operation focuses on auto repair and travel. The new combined operation is expected to have more than three million policies.