Southern Oak Insurance Company Market Research Report
Company Overview
Name: Southern Oak Insurance Company
Mission: Committed to providing policyholders with exceptional service while actively participating in the Florida community and partnering with local charities.
Founded: No information is available
Founders: No information is available
Key People:
- Tony A. Loughman, President and CEO
- Steve Bitar, Chief Operating Officer
- Heather McCoy, Chief Financial Officer
- Daniel M. Kutzer, Vice President of Finance
- Julie Wild, Chief Compliance Officer
- Kimberly A. Chaney, Vice President of Underwriting
- Rochelle D. Brahm, Senior Counsel
Headquarters: Jacksonville, FL, USA
Number of Employees: No information is available
Revenue: No information is available
Known For: Specializing in personal residential property coverage in Florida, with a strong understanding of the Florida Property Insurance Market and an extensive network of independent agents and claims professionals.
Products
Homeowners Insurance
- Description: Protection for your home and personal property, including coverage for attached structures, personal liability, and additional living expenses.
- Key Features:
- Identity Theft Protection
- Scheduled Personal Property
- Personal Property Replacement Cost
- Hurricane Screened Enclosure Coverage
Renters Insurance
- Description: Protects personal belongings and provides personal liability coverage for renters.
- Key Features:
- Personal Property Coverage
- Liability Coverage
- Additional Living Expenses
Condo Unit Owners Insurance
- Description: Designed to protect personal belongings, internal fixtures, and provide personal liability for condo owners.
- Key Features:
- Personal Property Coverage
- Liability Coverage
- Additional Living Expenses
Rental Dwelling Property Insurance
- Description: Insurance for landlords to protect against losses on properties rented out to others.
- Key Features:
- Structure protection
- Personal Liability Coverage
Flood Insurance
- Description: Offers flood coverage as a policy endorsement with broader coverage and higher limits compared to the National Flood Insurance Program.
- Key Features:
- Lower rates than NFIP
- Broader coverage for other structures
- Additional Living Expenses
Recent Developments
- New Executive Appointment: Steve Bitar joined as Chief Operating Officer in January 2023, bringing over 25 years of insurance experience with significant insights into the Florida property & casualty insurance industry.
- Financial Stability Rating: Assigned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc., underscoring the company's strong financial stability.
- Community Engagement: Southern Oak continues to be an active member of the Florida community, supporting numerous charities in the region.
- Technological Advancements: Implementation of online services (MySouthernOak) for policy management, electronic document delivery, and premium payments.
Recent News
- Fire Safety Tips: Offered proactive safety tips to customers, emphasizing the company's commitment to well-being beyond insurance products.
- Pet Anxiety During Storms: Provided advice on calming pet anxiety during storms, showing care for customers' extended families.
- Eco-Friendly Improvements Guide: Encouraged environmentally friendly home improvements with a guide provided to policyholders.
- Home Inventory Benefits: Highlighted the importance of maintaining a home inventory in Florida to assist with claim management.
These developments and offerings underline Southern Oak Insurance Company's dedication to its policyholders and proactive industry stance.
