VYRD Insurance Company, based in St. Petersburg, will be selecting up to 42,045 Citizens customers from every region of the state to form its initial "book of business." The new company, created with $46 million in investment capital, will be led by David Howard, a former executive of Tampa- based Lighthouse Property Insurance and Boca Raton- based Edison Insurance.
A new insurance company has formed in Florida and plans to extend takeout offers to thousands of customers of state-owned Citizens Property Insurance Corp. by year's end. The company says it wants new customers from all regions of Florida.
A new insurance company has formed in Florida and plans to extend takeout offers to thousands of customers of state-owned Citizens Property Insurance Corp. by year's end. The company says it wants new customers from all regions of Florida.
Citizens Property Insurance Corp. officials have spoken extensively about the need to depopulate the insurer's rolls and reduce its dramatic growth rate,