Homeowners Choice Inc., a Florida-based insurance holding company, reported that its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Co. Inc., assumed approximately 45,000 homeowners’ policies from Citizens Property Insurance Corp.
The policies are assumable under the state’s “take-out” program, designed to reduce the state’s risk exposure by encouraging private insurance companies to assume policies from Citizens.
Source: Homeowners Choice Inc.
www.hcpci.com.
Topics Florida Homeowners
Was this article valuable?
Here are more articles you may enjoy.
AI’s Volatile Power Demand Is Damaging Its Own Data Centers 
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Allstate Q2 Net Income Jumps 56% on Underwriting 
Delta Probing Unauthorized Wi-Fi on Flight After Hacker Event 
