TAMPA, Fla., Jan. 11, 2012 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (Nasdaq:HCII), a Florida-based insurance holding company, today announced that Paresh Patel, its chief executive officer, is scheduled to present a corporate overview at the Noble Financial 8th Annual Equity Conference on Tuesday, Jan. 17, 2012 at The Seminole Hard Rock Hotel in Hollywood, Florida.
The Homeowners Choice presentation is scheduled for 5:00 p.m. ET time followed by a question and answer session. One-on-one meetings will occur throughout the day.
Homeowners Choice recently acquired approximately 70,000 policies representing approximately $100 million in annualized premium in an assumption transaction with another insurance carrier, nearly doubling the size of the company. Mr. Patel will discuss the impact of the acquisition on the company in his presentation.
Homeowners Choice, Inc. is a Florida-based insurance holding company headquartered in Tampa. Through its subsidiary corporations, Homeowners Choice provides property and casualty homeowners' insurance, condominium owners' insurance and tenants' insurance. Founded in 2006, Homeowners Choice serves approximately 125,000 policyholders throughout Florida representing approximately $235 million in annualized premiums. The company's common shares trade on the NASDAQ Global Select Market under the ticker symbol HCII and are included in the Russell Microcap Index. Its warrants trade on the same market under the ticker symbol HCIIW. It's Series A, Cumulative Redeemable Preferred shares trade on the NASDAQ Capital Market under the ticker symbol HCIIP. More information about Homeowners Choice, Inc. is available at www.hcpci.com.
The Homeowners Choice, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6712
This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan" and "project" and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition and results of operations. Homeowners Choice, Inc. disclaims all obligations to update any forward-looking statements.
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