X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Another big player in the Citizens Property Corporation take-out arena has called a halt to its homeowners’ and commercial lines activity in March, citing more than $2 billion of gross losses and 125,000 claims from the 2004 and 2005 hurricane seasons.

Poe Financial Group, a long-familiar industry family name, notified agents and an already shaky insurance community that its Southern Family Insurance Co. will no longer renew or insure new homeowner or commercial lines business. Its other companies, Atlantic Preferred Insurance Co. and Florida Preferred Property Insurance Co. will continue to renew homeowner accounts, but will not be writing new business. Policyholders with current or future claims are not expected to be affected.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.