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That issue was one of the reasons cited by insurance companies leaving Florida according to the Insurance Commissioner Michael Yaworsky. [37] In August 2023 FOIR announced that Mainsail Insurance Company from Texas was approved to operate in Florida. They also disclosed that 280,000 of Citizen's policies were approved for assumption by several ...
Lighthouse Property Insurance Corporation was an American property and casualty insurance company. It was founded in 2008 by Patrick White and operated in Southeastern coastal states such as Louisiana, North Carolina, South Carolina and Texas. The company merged with Prepared Insurance Company in 2017 to expand into Florida. [1]
American Strategic Insurance (ASI) was formed in 1997 and led by CEO and President, John Auer.Its initial offering was Florida homeowners insurance. [1] The company has experienced rapid growth and is now expected to offer coverage nationwide by 2017, establishing its place in the top 15 homeowners insurance providers in the United States. [2]
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Florida's homeowners insurance crisis has become a nightmare for many homeowners, driving them out of the state. Home insurance premiums continue to increase, with limited competition in the market.
Thanks to mounting hurricane losses, home insurance premiums in Florida have risen an astonishing 300% in the last five years, according to the financial news site Benzinga. Residents there now ...
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