Homeowners Choice Begins Expansion to Alabama

Homeowners Choice, Inc. a Florida-based insurance holding company, has taken initial steps to enter the Alabama homeowners insurance market, its first market outside of Florida.

According to the company, it expects to satisfy the Alabama regulatory requirements and begin operations there by the end of 2011. The company cited a number of reasons for choosing Alabama, including the regulatory environment, adequacy of insurance rates, the proximity to Florida and the sufficient size of the market.

Source: Homeowners Choice, Inc.