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Even in the best of economic times, the Florida insurance market presents challenges in terms of a unique governance model and frequent losses due to natural disasters. Not surprisingly, following the especially volatile storm seasons of 2004 and 2005 many insurance companies stopped writing homeowners insurance in Florida creating a void in the insured market and demand for homeowners and wind insurance. For start-ups like HomeWise Insurance, this situation was a golden opportunity to take over some policies from state-run Citizens Assumption and provide reliable wind coverage to Florida homeowners.Recommended Stories
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The Master Guide to Grow Your Insurance Agency in the Digital Age
Modern-day insurance agencies reflect the need for renowned digital strategies in order to sustain long-term growth. Download this in-depth guide to learn tips and tactics to grow your insurance business by improving acquisition, conversion, retention and revenue:
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How Insurance Carriers Can Increase Premium Growth
The customer experience has become a primary driver for both attracting new customers and retaining existing policyholders. As the customer experience becomes entirely digital, this is where insurance providers need to differentiate themselves from the pack. Discover how carriers can sell more online, improve servicing speed and satisfaction, and empower agents to place more business.
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Insurance & Personal Finance: Toward a New Understanding of Financial Literacy
As new financial pressures and realities converge with an explosion of new financial tools, trends, and instant access to an abundance of information, how is the way people are thinking about and managing their money evolving--and what does this mean for the insurance industry? Download this report to find out.
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