Okla.’s Harbor Insurance Earns FSR of ‘A,’ Exceptional From Demotech

September 19, 2005

Harbor Insurance Company announced has earned a Financial Stability Rating (FSR) of “A,” Exceptional, from Demotech Inc.

Harbor Insurance Company is a wholly owned subsidiary of AHIC Acquisition Corporation. Harbor Insurance Company is organized under the laws of the State of Oklahoma as a stock property and casualty insurance company. The company writes nonstandard automobile liability and physical damage coverage policies and motorcycle policies through over 500 independent insurance agents.

This level of FSR is appropriate for insurers who possess an exceptional ability to maintain a positive surplus as regards policyholders, maintain liquidity of invested assets, quality reinsurance and acceptable financial leverage. FSRs summarize Demotech’s opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle.

FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners. For more than a decade, FSRs of “A” or better have been accepted by the major participants in the secondary mortgage marketplace, including Fannie Mae, Freddie Mac and HUD.

Harbor Insurance Company and Statewide General Agency are engaged in an exclusive managing general agency agreement that allows the agency to solicit and accept applications, issue and countersign policies, market the company products throughout Oklahoma and collect and receive premiums in trust for the company.

Harbor also offers special risk auto coverage for individuals who may have had hardships regarding their driving experience.

Agency appointments can be coordinated by contacting Patrick Wilson at pnw@swgen.com or Chuck Heath at chuck@swgen.com or at (800) 777-3818.

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