We have big news coming from the Tampa Bay area today. There were three major announcements regarding companies based in this area:
- Progressive purchased ASI for $875M
- United Property & Casualty purchased Family Security for $9M
- Centauri Insurance announced it will offer homeowners insurance in Florida
As you know, there has been some major activity in the Florida homeowners insurance market this last quarter.
For those of you who missed it, here are our articles on the last four major Citizens takeouts:
- Homeowners Choice takes out 50,000 policies from Citizens
- 180,000 in late October
- 210,000 in early October
- 425,000 in September
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