Invasion!!!

Wow! Against all odds, the Office of Insurance Regulation approved five new insurance companies to sell homeowner polices. These include:

• Modern USA Insurance Co. of Clearwater
• Keystone Insurance Co. of Ponte Vedra Beach
• Olympus Insurance Co. of Orlando
• Privilege Underwriters Reciprocal Exchange Inc. of Plantaiton
• Homeowners Choice Property & Casualty Insurance Co. of Port St. Lucie

There's a sixth company, Sawgrass Mutual Insurance Co. of Hollywood, which has an application pending.

Three other nonresidential carriers have approvals as well:

• Ironshore Insurance Ltd., Bermuda
• Praetorian Specialty Insurance Company - Delaware
• Arch Insurance Company - UK