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News Breaks
August 14, 2014
18:01 EDTPIH1347 Property Insurance reports Q2 EPS 15c vs (52c)
Direct premiums written were $8,877 for the quarter ended June 30, representing a 273.0% increase over the $2,380 reported in the prior year period. In-force policy count at June 30 increased to 16,800 from 11,500 at December 31, 2013, a 46% increase. The company's combined ratio was 79.7% in Q214; compared with 190.1% in Q213.
News For PIH From The Last 14 Days
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December 11, 2014
08:33 EDTPIH1347 Property Insurance to acquire ClaimCor, LLC
1347 Property Insurance Holdings announced that it has entered into a definitive agreement to acquire ClaimCor, LLC, a claims and underwriting technical solutions company. The acquisition will complement the company’s strategic plan and growth objectives relative to its infrastructure expansion while also providing the company with an additional source of revenue from ClaimCor’s evolving and expanding customer base in the insurance services outsourcing industry. The transaction is expected to close on January 1, 2015, subject to the completion and satisfaction of the company’s due diligence process and customary closing conditions, and will be fully funded from the company’s working capital. Terms of the transaction were not disclosed.

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