HCI assumes over 53,750 Citizens policies amounting to $196mn in-force premium
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HCI assumes over 53,750 Citizens policies amounting to $196mn in-force premium

Jairo Ibarra
21 November 2023
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HCI Group logo Tampa Florida.jpg

Floridian carrier HCI Group will assume 53,750 policies from Florida’s state-backed insurer Citizens Property Insurance, as it continues expanding its business in the state.

The policies amount to around $196mn of in-force premium. The assumption will be effective as of November 21 and is based on an approval given in September 2023 by the Florida Office of Insurance Regulation.

“Homeowners

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Jairo Ibarra
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