(Little Rock, AR – Insurance News 360) – On Dec. 21, Arkansas Insurance Commissioner Allen Kerr announced that Tower Hill Signature Insurance, a company based in Florida, gained authority to sell residential property insurance in Arkansas.

“I am proud to welcome Tower Hill Signature Insurance to Arkansas and give Arkansas homeowners more options to protect their most important investment.  Moving into 2018, the Department will continue its aggressive recruitment of new companies by showing that our state is open for business,” Kerr said.

Tower Hill Signature Insurance Company (THS) can now sell property and casualty insurance (except for workers compensation) policies in Arkansas. It currently offers residential property products in Texas and Florida. The Tower Hill group includes five insurers writing residential property business with approximately 80 percent in homeowners coverage and 20 percent in mobile home and commercial insurance.

This is the 29th new company Kerr has granted authority to in 2017.  Since becoming Commissioner in 2015, Kerr has welcomed 64 new companies to Arkansas.

Source: Arkansas Insurance Department.