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 …
A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the state after state regulators found it no longer has enough money to pay its bills. Florida’s Division of Rehabilitation and …
Lighthouse Property Insurance Corp. (Lighthouse), a Louisiana domestic insurance company has acquired the Louisiana homeowners policies of HomeWise Insurance Co., a Florida-based insurer. The terms of the agreement include the transfer to Lighthouse of over 11,000 homeowners’ policies which represent …
Florida-based HomeWise Insurance Co. is now is full run-off mode as it attempts to pay all outstanding claims and other debts in order to avoid being taken over by Florida regulators. The Clearwater, Fla.-based home insurer has jettisoned the remainder …
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 …
HomeWise Insurance Co. and First Home Insurance Co. have completed their previously-announced merger. The two Florida domiciled companies, with $25 million of surplus, are combined under the HomeWise Insurance Co. name. Rating firm Demotech Inc. has issued a Financial Stability …
