SUNRISE, Fla., July 4, 2014 (GLOBE NEWSWIRE) -- With great sadness, Federated National Holding Company (Nasdaq:FNHC) ("the Company") announced that Mr. Charles B. Hart, Jr., a Director and member of the Board, has passed away. "Charles B. Hart, Jr., known to his family and friends as Burk, was a highly appreciated board member with extensive insurance knowledge and business experience. Burk has been a member of the Company's Board since 2002. We have all greatly enjoyed working with him and deeply appreciate his important contribution to the Company and Board. We extend our heartfelt sympathies and condolences to Burk's family and friends at this very sad time," said the Company's President and CEO Michael H. Braun. About the Company The Company is authorized to underwrite, and/or place through our wholly owned subsidiaries, homeowners' multi-peril ("homeowners"), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states. The Company markets and distributes its own and third-party insurers' products and our other services through a network of independent agents. The Company also utilizes a select number of general agents for the same purpose. Forward-Looking Statements /Safe Harbor Statements Safe harbor statements under the Private Securities Litigation Reform Act of 1995: Statements that are not historical fact are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "anticipate," "believe," "budget," "contemplate," "continue," "could," "envision," "estimate," "expect," "guidance," "indicate," "intend," "may," "might," "plan," "possibly," "potential," "predict," "probably," "pro-forma," "project," "seek," "should," "target," or "will" or the negative thereof or other variations thereon and similar words or phrases or comparable terminology are intended to identify forward-looking statements. Forward-looking statements might also include, but are not limited to, one or more of the following:
- Projections of revenues, income, earnings per share, dividends, capital structure or other financial items or measures;
- Descriptions of plans or objectives of management for future operations, insurance products, or services;
- Forecasts of future insurable events, economic performance, liquidity, need for funding and income; and
- Descriptions of assumptions or estimates underlying or relating to any of the foregoing.
CONTACT: Michael H. Braun, CEO (954) 308-1322 or Peter J. Prygelski, CFO (954) 308-1252 Federated National Holding Company