Heritage Insurance Holdings Inc
Heritage Insurance Holdings, Inc., is a property and casualty insurance holding
company that provides personal and commercial residential insurance. We are
headquartered in Clearwater, Florida and, through our subsidiary, Heritage Property
& Casualty Insurance Company (“Heritage P&C”), we provide
personal residential insurance for single-family homeowners and condominium
owners, rental property insurance and commercial residential insurance in the
state of Florida and North Carolina. We are vertically integrated and control
or manage substantially all aspects of insurance underwriting, customer service,
actuarial analysis, distribution and claims processing and adjusting. We are
led by an experienced senior management team with an average of 31 years of
insurance industry experience. We began operations in August 2012, and in December
2012 we began selectively assuming policies from Citizens Property Insurance
Corporation (“Citizens”), a Florida state-supported insurer, through
participation in a legislatively established “depopulation program”
designed to reduce the state’s risk exposure by encouraging private companies
to assume insurance policies from Citizens. We also write policies outside the
Citizens depopulation program, which we refer to as voluntary policies. Heritage
P&C is currently rated “A” (“Exceptional”) by Demotech,
Inc. (“Demotech”), a rating agency specializing in evaluating the
financial stability of insurers.