The Seibels Bruce Group Profile
The Seibels Bruce Group, Inc. provides a range of services to the insurance industry, as well as a provider of automobile, flood and other property and casualty insurance products.
The Company conducts business in two primary categories: fee-based property and casualty insurance operations and risk-bearing property and casualty insurance operations. Its fee-based property and casualty insurance operations include the following:
CLAIMS ADJUSTING AND MANAGEMENT SERVICES
The Company's premium concentration in the catastrophe-heavy Southeast led to the creation of its subsidiary, Insurance Network Services, Inc. (INS), to manage the Company's internal claims activity. INS has since grown into a full service claims organization offering an array of capabilities to the insurance industry, including all-lines claim handling, automobile appraisals, catastrophe claim adjusting and glass claim services.
FLOOD ZONE DETERMINATIONS AND FLOOD ZONE MAPPING TRACKING SERVICES
The Company's subsidiary, America's Flood Services, Inc. (AFS) offers flood zone determinations and flood zone mapping services to customers located throughout the United States. These services are provided primarily to real estate lenders to determine whether or not homes are located in flood zones and, therefore, require flood insurance for loan closing. As a complementary product, AFS also offers flood insurance as an agent through servicing carriers of the NFIP.
COMMERCIAL LINES
SCIC reentered the risk-bearing commercial lines market in 1998.Under this program SCIC offered commercial package, business owners and garage liability policies primarily to small businesses in the states of South Carolina, North Carolina, Tennessee, Georgia and Kentucky.
WORKERS COMPENSATION
In 2002, the Company, through SCIC and Consolidated American Insurance Company (CAIC), issued two workers' compensation insurance master policies to Human Dynamics Corporation (HDC) and included as named insureds Infinet Holdings, Inc. and HDC Financial Services Corporation.
History
The Seibels Bruce Group, Inc. was founded in 1869.
