Leeward Group Initiates Push Into Life & Health Insurance
September 21 2010 - 7:00AM
Marketwired
Leeward Group Holdings Inc. (OTCBB: PCPZ) announced today that it
is initiating its marketing push into Life and Health insurance.
Leeward Group has an agency foundation for property and casualty
insurance that will serve as the launching pad for this initiative.
Last year in the United States, Life & Health insurance
premiums accounted for an estimated $600 Billion. Health insurance
is one of the largest employer expenses after payroll.
Kevin Coughlin, CEO of Leeward, stated that, "We are aiming to
grow this segment of our business. With the new pending health
insurance regulations, companies and individuals will need
solutions. We have a number of initiatives that we will be
executing that we hope will increase our presence in this segment
of the market."
Leeward Group Holdings Inc. through its wholly owned
subsidiaries operates a full-service insurance agency and
consulting firm serving businesses and individuals throughout the
Northeastern United States.
The Company is based in Pennington, New Jersey and it has five
retail locations. Three of the locations are in New England while
the other two are in the Mid-Atlantic. With licenses in all 50
States, the Company offers Property & Casualty, Life &
Health and specialty insurance programs for business, individuals,
associations and groups throughout the United States.
Forward-looking statements:
This press release contains "forward-looking statements", as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934.Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including but not limited to: that the
Company's initiatives will increase its sales in group health sales
or that changes in regulations may have an adverse effect on group
health sales. The user should read statements that contain these
words carefully because they discuss future expectations, contain
projections of future results of operations or of financial
condition, or state other forward-looking information. The risk
factors listed in our disclosure documents provide examples of
risks, uncertainties and events that may cause actual results to
differ materially from the expectations and projections described
by the Company in its forward-looking statements. Actual results
relating to, among other things, reserves, results of exploration,
capital costs and production costs could differ materially from
those currently anticipated in such statements. Factors affecting
forward-looking statements include: changes in anticipated
acquisition and operating costs; changes in economic conditions and
conditions in the insurance industry and other financial markets;
changes in the interest rates on borrowings; hedging activities;
changes in the prices for services that the Company provides;
litigation; legislation; environmental, judicial, regulatory,
political and competitive developments in areas in which the
Company operates; technological, mechanical and operational
difficulties encountered in connection with the Company's
activities; and labour relation matters and costs. The user should
refer to the risk disclosures set out in the periodic reports and
other disclosure documents filed by the Company from time to time
with the Securities and Exchange Commission and other regulatory
authorities.
Leeward Group Holdings Inc. www.leewardgroup.com (609) 216
7957
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