Florida will get a brand new residence insurer

Windward Threat Managers, the administration entity steering Florida Peninsula and Edison Insurance coverage, has introduced the launch of Ovation House Insurance coverage Change, a brand new addition to Florida’s insurance coverage panorama.

In line with a information launch, the brand new insurer is about to start out issuing insurance policies in June 2024, promising elevated capability and protection choices at aggressive charges.

“Ovation might be significantly helpful for each householders and brokers in Florida, by offering new devoted capital, further capability, and protection choices for Floridians at aggressive costs,” mentioned Paul Adkins, the CEO of Ovation. “We consider subscribers having an alignment of pursuits within the change creates a way of group that can result in higher outcomes which in the end interprets into extra reasonably priced premiums. That is an thrilling proposition for Florida householders, and we’re thrilled to convey Ovation House to Florida.”

The operations of Ovation might be managed by the identical group liable for steering Florida Peninsula and Edison Insurance coverage over the previous twenty years. The administration group modified its identify to Windward Threat Managers with the launch of Ovation because it goals to evolve into an operational hub for Ovation, Florida Peninsula, and Edison Insurance coverage, overseeing all aspects of gross sales, service, and claims assist.

Clint Strauch, president of Ovation, highlighted the  dedication to supply progressive pricing and enhanced protection choices.

“We are going to start promoting insurance policies via our present brokers throughout Florida within the second quarter of 2024. Along with natural development, we stay up for collaborating in future Residents assumptions and the Residents clearinghouse program,” mentioned Strauch.

Since its inception in 2005, Windward Threat Managers has steered Florida Peninsula and Edison Insurance coverage, which have mixed written premiums surpassing $1.1 billion and serve over 250,000 policyholders.

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