Company Information
Homewise insurance Company
| Name of Company: | HomeWise Insurance Company |
|---|---|
| cASE NUMBER: | 2011-CA-003221 |
| Date of Liquidation | November 18, 2011 |
| Coverage | Property and Casualty |
| State of Domicile: | Florida |
| Status of Receivership: | Liquidation |
Notice of Receivership
On November 18, 2011, HomeWise Insurance Company (“HomeWise”) was ordered into receivership for purposes of liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is the court appointed Receiver of HomeWise.
Company Demographic Information
HomeWise had approximately 77,500 active policies including 62,500 policies in Florida and 15,000 policies in Louisiana. Prior to the liquidation, the company arranged for these policies to be transitioned to other insurance carriers. Effective November 1, 2011 at 12:01 a.m., all Louisiana policies were assumed by Lighthouse Property Insurance Corporation. At the same date/time, all Florida policies were assumed by Homeowners’ Choice Property & Casualty Insurance Company (“Homeowners’ Choice”). Although all Florida policies were assumed by Homeowners’ Choice, the policyholders were given the option of opting out of the assumption and remaining with HomeWise. The deadline for opting out was December 7, 2011 at 11:59 p.m. All policyholders were mailed notices from the assuming companies regarding these assumption agreements and any action(s) they needed to take to confirm their continued coverage.
On August 24, 2012, the Receiver mailed Proof of Claim forms to all known claimants for HomeWise Insurance Company. The deadline for filing a Proof of Claim is November 18, 2012. If you have not received a Proof of Claim form, please contact the Receiver to obtain a form.
