Stephen Weinstein News

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Brand new Florida home insurer Mangrove Property Insurance Co. has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc., a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, …

Mangrove, Another New Property Insurer, Enters Florida Market

Itasca Re chairman Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove, with offices in Tallahassee, will be the 10th new insurer …