Florida-based holding company Homeowners Choice has changed its name to HCI Group, Inc., following approval from shareholders.
Change to the company’s name is expected to provide several benefits, including improved representation of the company’s diversified business activities, which include property and casualty insurance, information technology, real estate and reinsurance.
In order to provide greater clarity to the company’s identity, the name change will seek to avoid confusion between the company and its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc.
Enhancing and strengthening value of all the company’s brands, the new name will help differentiate between the company and the brands of its non-property and casualty insurance enterprises from the "Homeowners Choice" brand.
HCI owns enterprises engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance, while Homeowners Choice Property & Casualty Insurance is a provider of property and casualty insurance in Florida.