People's Trust Insurance Company
People’s Trust Insurance Company is a Florida home insurance company located in the Research Park at Florida Atlantic University in Deerfield Beach, Florida. People’s Trust Insurance is privately held and is the eleventh largest homeowners insurance company in the state with more than 110,000 policyholders throughout Florida.
According to the South Florida Business Journal, People’s Trust Insurance was the second-fastest growing company in South Florida from 2012 to 2014. The home insurance company has more than 350 employees, with 300 in Deerfield Beach.
In 2013, People’s Trust Insurance received the Governor’s Innovators in Business Award, which recognizes Florida companies in select industries that have influenced the state’s economic growth and diversification over the last year.
Independent financial analysis firm Demotech assigned People’s Trust Insurance a Financial Stability Rating of "A", Exceptional.
Resources
The company includes an affiliation with Florida’s largest insurance restoration general contractor, the Rapid Response Team LLC. The Rapid Response Team operates 11 response centers across Florida with more than 325 full-time construction technicians and roofers, 150 service trucks and millions of dollars in recovery supplies.Current executives
• George Schaeffer - Co-Founder and Chief Executive Officer• Tom Gallagher - Chief Operating Officer
• George De Heer - Chief Financial Officer
• Brett Frankel - Chief Compliance Officer and Corporate Counsel
• Amy Rosen - Chief Marketing and Communications Officer
• Irina Schaeffer - Executive Vice President, People’s Trust Holdings
• Kevin Walton - Executive Director of Product Development and Reinsurance
• Steve Berman - Managing Director & Real Estate Development, Rapid Response Team LLC
Past company executives
• Michael Gold - Co-Founder and Chief Executive Officer - died January 26, 2014• Mitch Politzer - President and Chief Operating Officer - retired 2015
Awards and recognition
| Date | Award |
| January 21, 2014 | 2013 Enterprise Florida Governor's Innovators in Business Award in a mega market |
Lawsuit
In November, 2013, an appellate court upheld a jury award of $766,258.06 to a Florida policyholder who had lost his home in a house fire. That court stated "After his home was destroyed by a fire, appellee Raymond Roddy filed a claim with his insurer, appellant People’s Trust Insurance Company. People’s denied coverage for numerous reasons, one being the claim that Roddy had made material misrepresentations on his application for insurance. The case was submitted to a jury, which awarded Roddy$766,258.06 in damages. The court upheld the jury award.