Orange Insurance Exchange Announces Launch and Entry into the Florida Property Insurance Market
GAINESVILLE, Fla., Nov. 1, 2023 /PRNewswire/ -- Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market. Orange is led by CEO Don Matz, an insurance industry veteran who was previously the CEO of Producer's National Corporation and the President of Tower Hill Insurance Group, where he spent two decades developing deep expertise in coastal property insurance underwriting. Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.
- GAINESVILLE, Fla., Nov. 1, 2023 /PRNewswire/ -- Orange Insurance Exchange ("Orange"), a reciprocal insurer, is pleased to announce its formation and launch in the Florida property insurance market.
- Orange has received its Certificate of Authority from the Florida Office of Insurance Regulation and enters the Florida insurance market with the mission of providing a new alternative for property insurance policyholders.
- The formation of Orange follows a challenging period of increased loss activity and excessive litigation in Florida, which created a severely dislocated insurance marketplace.
- Orange will be supported by its attorney-in-fact, Orange Insurance Managers, and affiliated managing general agency and claims services companies, Inness Insurance Managers and Inness Claims Services.