Ascendant on the rise.Ascendant commercial Insurance Inc., of Miami, is assuming some 15,000 policyholders from First Commercial Insurance Co. (FCIC FCIC Federal Citizen Information Center (formerly Federal Consumer Information Center; Pueblo, CO, USA) FCIC Federal Crop Insurance Corporation FCIC Federal Consumer Information Center ) and First Commercial Transportation and Property Insurance Co. (FCTPIC). The insurers were ordered into liquidation by Leon County Circuit Court in August. FCIC wrote workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , commercial auto, general liability, and commercial multi-peril insurance policies in Florida and Georgia. FCTPIC wrote commercial auto insurance coverage in Florida. Together, the companies at one time had approximately 18,000 in-force policies. Ascendant will not initially be offering policies in commercial mufti-peril, monoline commercial auto, warranty, errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. , and medical malpractice Improper, unskilled, or negligent treatment of a patient by a physician, dentist, nurse, pharmacist, or other health care professional. . Ascendant received its state license in September. |
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