HCI to form commercial residential reciprocal carrier in FL: CEO Patel
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HCI to form commercial residential reciprocal carrier in FL: CEO Patel

Shelby Rosenberg
November 07, 2023
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HCI CEO Paresh Patel said that the carrier is forming a new reciprocal carrier in Florida, Condo Owners Reciprocal Exchange, which will mark the Floridian’s entry into the commercial residential insurance space.  

On a call with analysts, the CEO said: “It’s a very hard market for commercial residential right now.”

“We spent a few months doing the math, and we think it's a healthy business for us to enter where we can...

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