Slide Insurance News

Slide Assumes 86,000 Farmers Policies in Florida, Offers Appointments to Agents

Tampa-based Slide Insurance, which has made a practice of assuming Florida policies from other insurers in the last two years, said it has acquired renewal rights to 86,000 homeowner policies from Farmers Insurance. Farmers said in June that it would …

Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market

Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher premiums for homeowners. “This is what …

Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation

Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is officially broke and will soon be liquidated. …

Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida

One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on Tuesday signed a consent order granting Tampa-based Slide …

Florida Insurers Crying Foul Over Slide’s ‘Favored’ Treatment in St. Johns Insolvency

The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without input from other carriers – has set tongues wagging and emails flying among Florida insurance executives. In …