Two of Florida’s domestic insurance companies have announced that they plan to merge.
Homewise Insurance Co. and First Home Insurance Co. are planning to merge sometime in the second quarter pending regulatory approval. The combined companies will retain the Homewise name.
Established in 2005, the Tampa, Florida-based HomeWise offers homeowners insurance, dwelling fire, flood, small commercial property and tenant and condominium coverage. In 2008, the company assumed nearly 17,000 policies from Citizens Property Insurance Company. In June 2008, the company announced it was expanding to include homeowner coverage in Louisiana.
The Maitland, Florida-based First Home was created and assumed 24,880 Citizens’ policies. The company started writing new business in October 2007.
Topics Carriers Florida Homeowners
Was this article valuable?
Here are more articles you may enjoy.
NY Archdiocese Can Depose Chubb CEO Greenberg in Clergy Abuse Claims Case 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Viewpoint: The AI Boom – When Risk Stops Being Rare, Insurance Must Evolve 
Lawyer Who Filed Viral Suit Against JPMorgan Seeks to Exit Case 
