Citizens has launched its Property Insurance Clearinghouse, which uses the Bolt Platform from Bolt Solutions Inc., provider of an online sales and client support platform to the P&C insurance industry. The clearinghouse provides a multiple-carrier interface that identifies comparable coverage from participating private-market carriers before placing business with Citizens.
Bolt said four private companies have begun offering policies to new applicants for homeowners coverage as part of Citizens’ measured rollout of the clearinghouse system authorized by state lawmakers in 2013. During the next five months, additional participating private-market insurers will be added to the list of approved Florida companies able to offer property insurance to Citizens applicants.
The Bolt Platform enables small businesses, agents and consumers to search, compare and buy insurance in all 50 states, Bolt said. Using the platform to link participating private insurers with consumers, the clearinghouse will offer comparable coverage at competitive rates available in the private market, while reducing the financial risk of all Florida policyholders.
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