Arkansas Insurance Commissioner Allen Kerr has granted a Certificate of Authority to Florida-based Homeowners Choice Property & Casualty Insurance Company (HCPC) to offer private flood insurance in Arkansas.
“Arkansas is the first state to grant HCPC authority to do business outside of Florida,” Kerr said in a press announcement.
Headquartered in Tampa, Florida, HCPC will offer Arkansas property owners a private market equivalent to the policies sold under the federal government’s National Flood Insurance Program (NFIP) with certain enhancements.
HCPC is a wholly owned subsidiary of the HCI Group Inc., which announced in early July that it would begin offering policies nine other states.
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments From This Issue
