Is Technology Insurance a Good Company?

UPDATED: Jan 7, 2013

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UPDATED: Jan 7, 2013Fact Checked

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Asked January 7, 2013

1 Answer

Technology Insurance Company is a wholly owned subsidiary of AmTrust Financial Services. The company still operates under its own name, but has acquired the financial ratings of the parent company. The parent company, AmTrust, was founded in 1998 and became publicly traded in 2006. The company is a niche market provider, focused on insuring business and commercial enterprise.

Financial Rating
In May of 2012, the A.M. Best financial ratings company released an update for the Technology Insurance Company. The company is now rated as "A" (Excellent), only 2 steps below the highest ratings offered by the AM Best Company. They also have a long term outlook of "a" and is expected to remain stable into the near future. Technology Insurance assets are considered to be in the 250 to 500 million dollar range. AmTrust Financial is publicly traded on the NASDAQW index under the ticker symbol AFSI.

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Customer Satisfaction
Filling a specialized, low-risk niche was the goal of AmTrust Financial since its inception. The idea was to provide specialized insurance products and employee coverage to businesses small and large. Today it is listed as one of the 100 fastest growing companies by Fortune magazine.

Company Availability
AmTrust Financial is available to businesses nationally. Technology Insurance is designed to fill a specific niche market, and may be available through any AMTrust insurance underwriter.

Insurance Products Offered
AmTrust specializes in insurance for businesses and commercial operations. Technology insurance handles policies covering property and some forms of professional liability for the AmTrust Brand. AmTrust financial also provides access to commercial auto insurance, general liability, and Workers Compensation, in addition to the services provided for commercial property through Technology Insurance.

Answered January 7, 2013 by Anonymous

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