HCI receives approval for new carrier Tailrow Insurance
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HCI receives approval for new carrier Tailrow Insurance

Farhin Lilywala
April 11, 2023
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HCI Group logo Tampa Florida.jpg

Floridian insurer HCI has been approved by the Office of Insurance Regulation (OIR) to set up a new domestic carrier, Tailrow Insurance, writing homeowners’ multi-peril business, according to filings.

HCI will own all its stock, launching it with 2.5 million shares valued at $1 per share.

The filings also detail that $300,000 of the initial capital will be used to complete the statutory deposit requirement.

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Topics

NewsHomeowners' insuranceFloridaHCI Group
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Farhin Lilywala
Section Editor, Distribution & Specialty
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