Florida Peninsula Insurance Co., a Boca Raton-based domestic insurer writing homeowners, condo and renters policies statewide, said it is prepared to insure up to 100,000 State Farm Florida customers as that insurer withdraws from the state.
Peninsula said it is ranks fifth among domestic writers and in the top 10 of all companies offering multi-peril homeowners insurance in the state. The company insures approximately 110,000 dwellings with annual premiums of $190 million. It markets through independent agents. The company began writing in Florida in April 2005.