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 Rating (FSR) of A, Exceptional , for the combined entity.
Tampa-based HomeWise said it will offer homeowners, tenant and condominium, dwelling fire, flood and small commercial property coverage in Florida, along with homeowners in Louisiana.
The companies said they have also completed the placement of their combined reinsurance program covering multiple events for the 2011 hurricane season.
Was this article valuable?
Here are more articles you may enjoy.
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates 
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches 
Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit 
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement 
