Castle Key Indemnity Co. News

Castle Key Nonrenewing 33,000 Policies as Florida Mulls Special Session on Condos

Allstate’s Florida subsidiaries are continuing to nonrenew thousands of condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach Post reported that Castle Key Indemnity and Castle Key Insurance …

Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth

When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000 policies. Then came reinsurance …