Heritage diversifies further from Florida market, PIF declines 18% in Q1
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Heritage diversifies further from Florida market, PIF declines 18% in Q1

Farhin Lilywala
May 06, 2022
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As the fractured Florida market attempts to stay pieced together, Clearwater-based Heritage Insurance is making "efforts to shift business" from the state, which resulted in a roughly 18% decrease in policies in force in Florida, CFO Kirk Lusk said.

On a call with analysts to discuss first quarter results, the CFO disclosed that the 74% of the company's TIV is now outside of Florida, up from 69% as of Q1 2021.

"We

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Farhin Lilywala
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