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O'Connor is the Southeast editor for Insurance Journal and associate editor of MyNewMarkets.com. What's with the non-renewals - chronicleonline.com Five insurance companies are pulling out of Florida, leaving homeowners with no choices in providers and major price increases. Why did insurance companies leave Florida? That is up 222,000 policies compared to 2020. The companies that are still in discussions and will either be affirmed or downgraded, as of March 26, include: Avatar Property & Casualty Insurance Co., Centauri Specialty Insurance Co., Cypress Property & Casualty, Omega Insurance Co., Safepoint Insurance Co., Tower Hill Select Insurance Co., and Tower Hill Signature Insurance Co. Southern Fidelity became the fourth insurer in Florida declared insolvent since late February, following Lighthouse Property Insurance Corp., Avatar Property & Casualty Insurance Co. and St. Johns Insurance Co. FedNat dropped 68,000 policies, nearly half their customers, and Lexington Insurance pulled out of the state. Jordan Meyer - Manager, Product Marketing - Tower Hill Insurance Group Companies in Receivership - Rehabilitation and Liquidation All Rights Reserved 2023 All Insurance FAQ. The company also reported that it will no longer have risk on any policies outside of Florida, except for about 90 policies in Texas that will non-renew by June 20, 2021, as part of an ongoing renewal rights transaction and withdrawal from the state of Texas. Our policies provide coverage for your home and its contents, plus liability coverage. I have to compose myself for that.. Tower Hill Insurance Group, based in Gainesville, Florida, has announced the formation of its newest risk-bearing entity, Tower Hill Insurance Exchange (THIE). Walgreens Pharmacy - 8021 INTERNATIONAL DR, Orlando, FL 32819. Policyholders often have only 30 days to get new coverage, leaving agents and homeowners scrambling to find a policy. Bankers Insurance Group, based out of St. Petersburg, announced Monday it is pulling out of Florida's home insurance market because they say state lawmakers didn't do enough during the home insurance special session to combat fraud and litigation.