Overview
Loggerhead is a Florida homeowners insurer that uses a reciprocal structure where policyholders are owners, managed by an Attorney in Fact to underwrite and administer property coverage. It offers Essential, Enhanced, and Elite homeowners plans with coverage for property, liability, belongings, and living expenses, plus add-ons like Loggerhead Shield, with an online portal and a network of independent agents to manage policies and claims. The company differentiates itself through its owner-focused reciprocal model, deep Florida P&C leadership, strong Demotech A rating, and its role as a major capacity provider after absorbing about 115,000 Progressive Home policies in late 2023/early 2024. Its goal is to deliver comprehensive, affordable Florida-specific coverage while leveraging technology and agent channels to streamline service and focus on catastrophe resilience.
Work here?Claim your company
Simplify's take
What believers are saying
- KBRA affirmed a BBB IFSR on June 12, 2026, with Stable Outlook.
- Q2 2026 Florida filings showed 72,929 policies and about $207.7 million premium.
- Loggerhead added September 18, 2026 authority updates, signaling continued regulatory traction.
What critics are saying
- Florida concentration leaves Loggerhead exposed to one hurricane season wiping out surplus.
- Surplus-note-heavy capitalization stayed a 2026 KBRA constraint, limiting true loss-absorption.
- A severe claims spike or reinsurance failure threatens solvency and regulator intervention.
What makes Loggerhead unique
- Loggerhead’s reciprocal structure aligns policyholders and capital, unlike stock insurers.
- Jim Santo and Todd Dixon bring Florida homeowners expertise from Auto Club Group.
- Its Florida-only focus and independent-agent distribution target displaced homeowners quickly.
Help us improve and share your feedback! Did you find this helpful?