Florida
Florida's Heritage Insurance Sees More Profits in Q1 This Year
Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported earnings of $14.2 million in its first quarter of this year, about the same as earnings for Q1 of 2023, but down from the $31 million in net income reported for the fourth quarter of 2023.
The Tampa-based property and casualty insurance holding company is the parent company of Heritage Insurance, Narragansett Bay Insurance and Zephyr Insurance. The holding firm posted revenue of $191.3 million in Q1, up 8% from the first quarter last year, thanks in part to reduced exposure and to significant rate increases.
The firm’s combined ratio was 94% for Q1, a slight improvement over last year’s quarterly number, the company’s financial statements show.
The black ink reflects a significant improvement from the Heritage financial picture in 2021 and 2022, at the depths of what has been called the Florida property insurance crisis. At the end of Q1 2022, Heritage holdings reported a $31 million net loss.
Since then, a number of Florida insurers have seen a significant reduction in litigation expenses, a key metric behind the crisis. And Heritage has continued to reduce its exposure in Florida and other states. Heritage held 182,673 policies in Florida at the end of 2022 and 529,907 policies in all 17 states in which its subsidiaries write. By the end of the first quarter this year, the number of Florida policies had dropped to 147,9654. In all 17 states, policies in force fell to 436,955 — a drop of almost 18% in less than 18 months.
But the cutbacks were not across the board. Heritage said in a news release that it had increased its commercial residential premium significantly.
“As part of our exposure management strategy, we continue to grow our policy count in products and geographies which are profitable and reduce our policy count in unprofitable and over concentrated areas,” the release noted.
“The management team is resolute in our focus to generate underwriting profits across our footprint, maintain adequate rates, ensure selective underwriting, and employ meticulous but fair claims handling,” CEO Ernie Garateix said in a statement.
4,800 Heritage Irma Claims Handled by Unlicensed Adjusters, Lawsuit Charges
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The future of Florida’s new congressional map is now in the hands of a Leon County judge after attorneys for voting rights groups and the state squared off in court over whether the redistricting plan is unconstitutional. FOX 13’s Aaron Mesmer reports.
Plans for a new Wawa to open in Port St. Lucie were approved.
A new Wawa fuel station and convenience store will open in Port St. Lucie now that the plans have been approved.
The Wawa will be at the corner of Village Parkway and Becker Road in front of the Lowe’s which is expected to open in the summer of 2026, according to the city’s website.
The plans for a Wawa convenience store and eight fuel pumps were submitted to the city Dec. 3, 2025.
What will go in Port St. Lucie’s Southern Grove?
The plans for the Shoppes at Southern Grove show there will be a new Lowe’s store and six additional outparcels.
The six additional outparcels include the following:
- Gas station: 5,915 square feet
- Outparcel A: 1.2 acres
- Outparcel B: 1.14 acres
- Outparcel C: 1.83 acres
- Outparcel D: 1.04 acres
- Outparcel E: 1.02 acres
Olivia Franklin is TCPalm’s trending reporter. You can contact her at olivia.franklin@tcpalm.com, 317-627-8048 or follow her on X @Livvvvv_5.
SUNRISE, Fla. – Five Florida Panthers players and five staff members will represent their home countries at the upcoming 2026 IIHF World Championship, taking place May 15 through May 31 in Zurich and Fribourg, Switzerland. Games will be broadcast on NHL Network in the United States.
Marek Alscher, 22, will represent Czechia at the IIHF World Championship for the first time. He previously played for his home country at the 2024 IIHF U20 World Junior Championship, skating in seven games to help the Czechs capture the bronze medal over Finland. Alscher made his NHL debut with the Panthers in 2025-26, notching three assists over four games played. He also skated in 52 American Hockey League (AHL) games with Florida’s affiliate, the Charlotte Checkers, recording 11 points (3-8-11).
Aleksander Barkov, 30, missed the 2026 Winter Olympic Games due to injury but had been named to Finland’s preliminary roster in June of 2025. He previously earned a bronze medal at the 2014 Winter Olympic Games alongside current Panthers assistant coach Tuomo Ruutu, and earned a silver medal representing his home country at the 2016 IIHF Men’s World Championship. At the 2025 NHL 4 Nations Face-Off, Barkov served as captain of Finland.
Anton Lundell, 24, will be participating in his second IIHF World Championship after earning a silver medal with Finland in 2021, where he posted seven points (4-3-7) in 10 games as a 19-year-old. He helped Finland capture the bronze medal at the 2026 Winter Olympic Games this season and previously earned gold at the 2019 IIHF U20 WJC and 2018 IIHF U18 WJC, as well as a bronze medal at the 2021 U20 WJC.
Sandis Vilmanis, 22, will represent Latvia at the IIHF World Championship for the first time in his career. He played for Latvia at the 2026 Winter Olympic Games in February as well as at the 2022, 2023 and 2024 IIHF U20 World Junior Championships, serving as an alternate captain in 2024 where he produced four points (2-2-4) over five games. Vilmanis made his NHL debut with the Panthers in 2025-26, logging five points (3-2-5) in 19 games with Florida while compiling 38 points (17-21-38) in 48 American Hockey League (AHL) contests with the Panthers affiliate, the Charlotte Checkers.
Matthew Tkachuk, 28, will attempt to become the first American to join the Triple Gold Club (Stanley Cup, World Championship Gold Medal and Olympic Gold Medal), as well as the first player in NHL history to win all three parts of the Triple Gold Club within a 12-month span. This will be Tkachuk’s first time participating in the IIHF World Championship.
In addition to his 2026 Olympic gold medal, Tkachuk also earned gold representing the United States at the 2015 IIHF U18 World Junior Championship and the 2014 U17 World Hockey Challenge, as well as a bronze medal at the 2016 IIHF U20 WJC. He served as alternate captain for the U.S. at the 2026 Olympics and 2025 4 Nations Face-Off.
Florida will have four staff members representing the United States. Panthers Assistant General Manager Brett Peterson is serving as General Manager for the second time after holding the position in 2024. Panthers Head Equipment Manager Teddy Richards will serve as equipment manager and Florida’s Head Athletic Trainer Dave DiNapoli will work as athletic trainer. Panthers President of Hockey Operations & General Manager Bill Zito will serve on the Advisory Group.
Panthers Assistant General Manager Gregory Campbell will assist with evaluating and selecting players for Canada.
Panthers fans can stay up to date on all the Cats’ representatives at the 2026 IIHF World Championships at FloridaPanthers.com/WorldChampionship.
2026-27 Florida Panthers Territory Memberships are available now! Click here to learn more. For all the latest in Panthers news, concerts and events at Amerant Bank Arena & FTL War Memorial, sign up for ’93 Society newsletter and receive information straight to your inbox. Visit FloridaPanthers.com or SeatGeek.com for all ticketing needs.
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