Heritage Insurance Holdings Inc. News

Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023

TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit of $1.15 per …

After Raising Premiums, Shedding Policies, Heritage Reports a Smaller Net Loss for Q3

Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the third quarter of 2023, a significant improvement over last year after the carrier shook almost 74,000 policies from its rolls …

Florida’s Heritage Insurance Posts Q4 Profit, But Losses for the Year

Heritage Insurance Holdings Inc. (HRTG) on Thursday reported fourth-quarter net income of $12.5 million, after reporting a loss in the same period a year earlier. For the year 2022, though, the company reported that its loss widened to $154.4 million, …

Garateix Promoted to CEO of Heritage Insurance as Lucas Steps Down

Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has announced Ernie Garateix, the company’s chief operating officer, has been promoted to chief executive officer and will join the board of directors, effective Nov. 30, 2020. Bruce …

Narragansett Bay Insurance Company Relocates Corporate Offices in Rhode Island

Narragansett Bay Insurance Company (NBIC) has relocated its corporate offices to the Northwoods Office Park in Johnston, R.I. NBIC is a provider of homeowners insurance in Rhode Island and the Northeastern U.S., with business in Rhode Island, Connecticut, Massachusetts, New …

Johns Tapped to Lead Zephyr Insurance in Hawaii

Heritage Insurance Holdings Inc. has named Tim Johns as president and CEO of Zephyr Insurance Company Inc. in Hawaii. Johns will succeed President and CEO Richard Toyama. Johns was previously chief consumer officer at the Hawaii Medical Service Association. He …

Heritage Insurance Holdings of Florida Appoints Lusk as CFO

Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, has appointed Kirk H. Lusk as its chief financial officer. Until April 28, 2018, Lusk will serve as co-chief financial officer with Steven Martindale, the company’s current CFO. Martindale’s …

Heritage to Acquire Rhode Island’s Narragansett Bay Insurance

Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property/casualty insurance holding company, has secured regulatory approval from the Rhode Island Department of Business Regulation to acquire NBIC Holdings Inc. NBIC Holdings is the parent company of Narragansett Bay Insurance Co. (NBIC), …

Heritage to Acquire Rhode Island’s Narragansett Bay Insurance for $250M

Heritage Insurance Holdings Inc., a Clearwater, Fla.-headquartered property and casualty insurance holding company, has signed a definitive agreement to acquire NBIC Holdings Inc., the parent company of Narragansett Bay Insurance Company (NBIC). NBIC is a Rhode Island-headquartered specialty underwriter of …