During the corresponding time, Homeowners Of America Holding Corp recorded a revenue increase by 47.75 % year on year, sequentially revenue grew by 4.68 %. While revenue at the Homeowners Of America Holding Corp's corporate clients
Homeowners Of America Holding's Comment on Sales, Marketing and Customers
We limit the business we write within geographical areas in order to avoid undue
concentration of risk and to reduce the uncertainty inherent in weather-related
risks. However, many coastal zip codes are closed to new business either to avoid
undue concentration of homes to catastrophic loss, or because the proximity to
the coastline.
Automated underwriting tools are used to select and price business. The automated
tools include insurance scores derived from the applicant's financial history;
the applicant's prior loss history; exposure of the property to tidal surge;
and underwriting questionnaires. Third-party property inspections and other,
non-automated underwriting tools are also used to verify underwriting information
and to select business.
An experienced, local underwriting staff of sufficient size, supervision and
quality is maintained in order to properly select risks and to provide a rapid
and knowledgeable response to agents and policyholders.
