Laserfiche WebLink
<br />NOTICE OF CARRIER FINANCIAL STATUS <br /> <br />Brown & Brown, Inc., its subsidiaries and affiliates including Brown & Brown of Florida <br />Inc. - Miami Division ("Brown & Brown") do not certify the financial stability of any <br />insurance carrier or coverage provider. We have endeavored to place your coverage <br />with an insurance company with an A.M. Best Company financial rating of "A-" or <br />better.* We were unable to obtain a quotation with a carrier with an "A-" or better rating. <br />While Brown & Brown cannot predict whether the financial condition of a company might <br />improve or deteriorate, we are hereby providing you with notice and disclosure of <br />financial condition so that you can make an informed decision regarding the placement <br />of coverage. Accordingly, we inform you of the following: <br /> <br />. Coverage is being placed with Preferred Governmental Insurance Trust ("PGIT"), <br />which is as a Florida local government self-insurance fund established pursuant <br />to section 624.4622, Florida Statutes (Fla. Stat.), as such PGIT is not rated by <br />the A.M. Best Company. <br /> <br />· The financial condition of insurance companies and other coverage providers <br />including local government self-insurance funds like PGIT may change rapidly <br />and that such changes are beyond the control of Brown & Brown. <br /> <br />· You should review the financial and membership information from PGIT and <br />agree to abide by the conditions of membership established by PGIT. <br /> <br />· You should consider the information provided, including the PGIT coverage <br />quote and review it with your accountants, legal counsel and advisors. <br /> <br />* A.M. Best Rating Guide: <br /> <br />Rating for Stability: A++ to D = Highest to lowest rating <br />Rating for Assets/ Surplus: 15 to 1 - Largest to smallest rating <br /> <br />24 <br />Browl1 & Browl1 of Florida, Il1c. <br />