Dear Agency Partner,

Over the last few years, we have worked diligently and with transparency to gain your trust to enhance and build upon our partnership for the betterment of all our businesses.

Recently, as we have been negotiating our reinsurance program for the coming year, it has become evident that the difficult Florida home insurance market continues to support its reputation with another year of significant increases in our reinsurance costs.

Sadly, as you are likely aware, the entire Florida homeowners insurance industry is facing massive reinsurance price increases due to the incredible and unimaginable costs associated with Hurricane Irma claims from 2017, as well as market disruption due to Covid-19. Compounding all of this, the continued bombardment of lawsuits from Lawyers and the increased costs associated with unscrupulous Public Adjusters is continuing to drive up our total cost of claims.

For the reasons mentioned above, we feel we have no alternative but to temporarily close the following 6 counties, in addition to the four counties currently closed in South Florida. This is a temporary closure, and we hope to lift it sometime during the summer.

As a result, effective May 15, 2020, People’s Trust Insurance will be closing the following six counties for all business:


• Hillsborough County
• Lake County
• Orange County
• Osceola County
• Pinellas County
• Seminole County

Existing quotes already in PTS will be honored for 30 days.

I am available to talk to you at any time to discuss this or any other issue, or please reach out to your Account Manager with any questions.

Finally, I will also be available this week on Video Conference for a Q & A session after our weekly Lunch and Learn Webinar to take any questions. (Click here to sign up for the Webinar, Thursday 1-1:30 pm EST)

Stay safe,

Stay healthy, and Stay distanced and remember what my grandmother would always say to me...

"This too shall pass."

Thanks for your continued support,

Jonathan Hollander
Managing Director of Agency Sales
Executive Committee Direct: 561-609-1217
Cell: 954-232-2624