What a great business model for a property insurance company. All of the risk and exposure in cat prone states and give away the premium at rates that are 30% to 40% below the rest of the industry just to put business on the books. Now they have wind events coming to the only few states they have exposure. No where to spread the risk. Reminds me of another company (Southern Family)with the same business model that was declared insolvent after the last round of hurricanes in Florida. Oh and some of the same players from that company are now involved with this company. The executives are giving themselves salaries that are ridiculously higher than larger long term established companies. Florida residents and FIGA will end up picking up the pieces if the same thing happens but no one there to help the stockholders. Good luck!