Founded in Florida in 1992, we are committed to providing fair and competitive pricing coupled with exceptional customer service. FedNat Insurance Company currently holds a Financial Stability Rating® of “A” (Exceptional) by Demotech, Inc. and an A+ by the Better Business Bureau.
Partner Since
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Key Contacts
David Meier - Territory Manager East Coast / SIG Liaison
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Phone: (800)293-2532 EXT 2514
Marty Kramer - VP of Marketing
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Phone: (954)308-1212
Partnership Details
Talks of revised and reduced compensation to entire Agency Base have been discussed directly with us for the past couple years. As part of our negotiations, we petitioned to lock-in SIG agent’s current commission schedules until the final implementation date, which is set for January 2020. Independent agents across the state have been and are currently being transitioned to this new structure.
- Less Than 100,000 Premium In-force, “BASIC Commission” 8/8
- 100,000-500,000 “BRONZE” 9/9
- 500,000-750,000 “SILVER” 10/10
- 750,000-1 million “GOLD” 11/10
- 1 million and more “PLATINUM” 12/10
- At latest possible date, SIG will be moved to “Platinum” status, and have opportunity for additional financial compensation with additional of a Profit Sharing Agreement.
- Profit Sharing components are split into two separate and independent categories of
-Growth based on PIF
-Loss Ratio, excluding any CAT losses - Can earn up to up to 1.5% in each category, for a total of 3%
