Homewise Insurance Purchase Terminated

If you are a Homewise Insured, you may be interested to know that new media recently reported the termination of the deal Homewise had with 21^st Century.  I do not know the reason for the original purchase.  However, several insurance companies in Florida are actively seeking capital, much in the way this deal appears to have been structured.  Should Florida suffer from even a minor hurricane, many insurance companies would benefit from the presence of outside capital to support a large claim volume. The Department of Financial Services can be a valuable resource in determining the current financial state of affairs of your insurance company.  If you are aware of the fact that your insurance company is looking for more capital, it can be a positive or negative thing, depending on the purpose.  For more information, here is a link I found regarding the deal: 21^st Century Holding Terminates Acquisition of Homewise Insurance and Homewise Management For the record, I am not making any comments about the current status of Homewise or their intentions.  The last time I posted anything about Homewise, I received a letter from their general counsel (and I am unable to share its contents with you, because my office used to represent them when we did defense work).  Suffice to say, I am merely pointing out that while they had a deal with 21^st Century, the media is reporting it is no more.  To the extent this is going to impact them, you should direct your questions to them, or research their value rating, on websites like www.demotech.com or others like it.  It is always important to know the financial condition of your insurance company, regardless of how big or how small they are.  If you have a situation requiring legal representation for a sinkhole damage claim, contact Corless Zinober FL personal injury lawyers at 866-969-2889.