Florida-based Homeowners Choice Assumes 45,000 Citizens Policies

Homeowners Choice Inc., a Florida-based insurance holding company, reported that its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Co. Inc., assumed approximately 45,000 homeowners’ policies from Citizens Property Insurance Corp.

The policies are assumable under the state’s “take-out” program, designed to reduce the state’s risk exposure by encouraging private insurance companies to assume policies from Citizens.

Source: Homeowners Choice Inc.
www.hcpci.com.