Condo Owners Reciprocal Exchange

CORE matches current Citizens policy coverages
CORE rates are competitive with Citizens
CORE policies not subject to Citizens Policyholder Assessment of up to 15%
CORE reciprocal structure allows the policyholder to participate in the insurance company’s ownership
CORE financially sound with Demotech A (Exceptional) Financial Stability Rating

Who is CORE

HCI Group, Inc. -> owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners insurance, information technology services, insurance management, real estate, and reinsurance. HCI’s primary operations include two successful homeowners insurance companies in Florida, Homeowners Choice Property & Casualty Insurance Company -> and TypTap Insurance Company ->. HCI recently entered the commercial residential market through the formation of Core Risk Mangers, LLC, which will manage the day-to-day operations of Condo Owners Reciprocal Exchange, including managing the assumption of commercial residential policies from Citizens. Since HCI’s inception in 2006, the company has successfully completed over fifteen assumptions from Citizens [READ MORE: CORE Citizens Depopulation 2024]. In addition to its insurance operations, HCI owns a real estate subsidiary, Greenleaf Capital, LLC, which owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.

Who is HCI Group

A holding company with Insurance, Information Technology, Reinsurance, and Real Estate operations
Publicly traded – HCI NYSE ->
Founded in 2006, the company has a stable executive leadership team, boasting an average tenure of 13 years
Currently operates two Florida Domestic Insurance Carriers, committed to operational excellence
HCI combines technology, industry knowledge, and a disciplined acquisition strategy to drive profitable growth