Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company. The policies assumed amount to approximately $196 million of in-force premium. The insurer said the assumption, which was effective …
Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida-based provider of homeowners insurance, has completed its reinsurance program for the 2016-17 reinsurance year, which runs from June 1, 2016 through May 31, 2017, according to recently disclosed reports filed …
President of Homeowners Choice Property & Casualty Insurance Co., Scott Wallace, plans to retire at the end of May 2015 after 37 years in the insurance industry, according to a statement from Homeowner’s Choice’ parent company, HCI Group, Inc. (HCI). …
Homeowners Choice Property & Casualty Insurance Co. Inc. said it has assumed 36,000 policies from Florida’s Citizens Property Insurance Corp., of which an estimated 30,000 are wind-only. The assumptions, effective Dec. 16, 2014, are based upon an approval in October …
The parent company of one of Florida’s largest home insurers has entered into a non-binding deal to purchase another state-based insurer in a move that could affect 21,500 state policyholders. HCI Group Inc. announced it will acquire Prepared Holdings LLC …
With increases in federal flood insurance rates looming, two insurance providers have said they are prepared to sell private flood policies in Florida. Their actions come as state officials are trying to provide guidelines on rates and policyholder forms for …
Officials at the Citizens Property Insurance Corp. say nearly 150,000 of its policyholders were assumed by five smaller insurers in October as the state-backed Citizens’ continues to shed policies in its downsizing efforts. Another 25,000 Citizens’ policy holders rejected the …
Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those clients. Homeowners Choice Insurance Co., through its wholly-owned …
Florida policyholders of HomeWise Insurance should not see dramatic changes in their renewal premium if their policies are taken over by Homeowners Choice, according to the company official. The policyholders have the option of staying with the shrinking HomeWise or …
Homeowners Choice Property and Casualty Insurance Co. said it has acquired HomeWise Insurance Co.’s book of business in Florida. Approved by state regulators, the deal adds 70,000 Florida homeowners to Homeowners Choice. Out of the assumed policies, 28,000 are in …
