St. Johns Insurance Company is now insolvent and set to be liquidated. This news came at the end of February, and was the 5th company to become insolvent since 2019 joining Florida Specialty Insurance Co, Windhaven Insurance Co, American Capital Assurance Corp, Gulfstream Property and Casualty. (Shortly after the St. Johns Insurance announcement, Avatar Insurance became the 6th.)
St. Johns had been the 8th largest property and casualty insurer in Florida with approximately 160,000 policies. However on Feb. 15, the company announced that they would no longer write new policies. Soon after that news, Demotech withdrew the financial stability rating for the company. Without a financial stability rating, insolvency was the next step.
I have a St. Johns Insurance Policy. What Should I Do?
The latest news is that existing policies will be transitioned to Slide Insurance Company. Slide is an insurtech carrier based in Tampa. The company was founded in 2021 and will begin selling policies in mid-2022.
If you are interested in moving your coverage to a more established carrier, our team at Think Safe Insurance is happy to help you. Give us a call at 813-425-1626. As independent agents, we can shop your policy with multiple carriers to make sure you have a policy that you are comfortable with at the best price.
St. Johns Insurance Co History
St. Johns Insurance Co was started in 2003. It was based in Orlando, FL and specialized in Florida homeowner’s insurance. Over the years it grew to be the 8th largest property and casualty company in Florida.
St. Johns Contact Info
St. Johns Insurance Company
6675 Westwood Blvd
Westwood Center 3
Orlando, FL 32821
Phone: (866) 304-7779
Fax: (866) 216-7749
St. Johns Insurance Policies
St. Johns Insurance had ben writing:
- Florida Homeowners Insurance
- Florida Condo Insurance
- Florida Landlord Insurance
- Personal Umbrella Insurance
The company also offered policies in South Carolina.
While existing policies are being transitioned to Slide Insurance, this would be a great time to review your policy. You want to make sure that you have a policy with the correct coverage, with a company you trust, and at a great price.
Our team at Think Safe Insurance is here to help you with those things. We are independent agents that can work with many different carriers to give you great options for your home coverage. Give us a call at 813-425-1626 or request a quote online.