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Condo Owners Reciprocal Exchange, an HCI Group Sponsored Insurer, Secures ‘A’, Exceptional Rating From Demotech

HCI Group, Inc. HCI recently revealed that it has obtained approval from the Florida Office of Insurance Regulation to operate Condo Owners Reciprocal Exchange (“CORE”) in the state.

HCI Group, Inc. announced its sponsored reciprocal insurer, Condo Owners Reciprocal Exchange (CORE), obtains a certificate of authority from Florida regulators, allowing it to transact insurance in the state.

The launch of CORE marks HCI’s entrance into the commercial residential insurance market in Florida. The technology we’ve built and our management expertise enabled us to identify attractive policies at Citizens for assumption and begin operations quickly