Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs
Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a
Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a
It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has
The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16.
Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the third quarter of 2023, a
A south Florida insurance agent has been charged with absconding with more than $130,000 in premiums, leaving property owners uninsured after Hurricane Ian. Naser Al-Sweity,
A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting
U.S. insurers paid out $99 billion in weather-related claims in 2022, according to a recent study. So they’re passing along more of the cost. As
Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be
Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its
Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran
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