TAMPA, Fla., May 23, 2013 (GLOBE NEWSWIRE) -- Homeowners Choice, Inc. (NYSE:HCI), a Florida-based holding company, has changed its name to "HCI Group, Inc." as approved by shareholders at its annual shareholders' meeting held yesterday. According to the company the name change is expected to provide several benefits, including:
- Improved representation of the company's diversified business activities, which include property and casualty insurance, information technology, real estate and reinsurance.
- Greater clarity to the company's identity, avoiding confusion between the company and its largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc.
- Differentiation between the company and the brands of its non-property and casualty insurance enterprises from the "Homeowners Choice" brand, thereby enhancing and strengthening the value of all the company's brands.
CONTACT: Company Contact: Jay Madhu, Vice President of Investor Relations HCI Group, Inc. Tel (813) 405-3660 email@example.com Investor Relations Contact: Matt Glover or Michael Koehler Liolios Group, Inc. Tel (949) 574-3860 firstname.lastname@example.org