Executives at Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap Insurance companies, are having a busy fourth quarter.

Just a day after HCI announced that Homeowners Choice had successfully assumed more than 53,000 policies from the state-created Citizens Property Insurance Corp., Florida regulators last week approved a new condominium insurer led by Paresh Patel, the CEO of HCI Group.

The approval of Condo Owners Reciprocal Exchange, or CORE, comes at a time when many Florida condo owners and associations are finding it difficult to obtain coverage

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