According to a report from BestWire, Stand is described as a technology-forward company focused on helping homeowners mitigate risk. Praxis executives bring more than 75 years of experience in the Florida market. Both companies intend to transfer 25,000 policies from Citizens Property Insurance Corp., the state-backed insurer of last resort. Citizens now has fewer than 780,000 policies, down from more than 1.4 million in September 2023.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.