secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001193125-22-165448
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage fully places 2022-2023 CAT XOL reinsurance program, includes Citrus Re cat bond
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- Reinsurance program placed for Heritage Property Casualty, Narragansett Bay Insurance, and Zephyr Insurance.
- First Citrus Re cat bond since 2017 issued as part of the 2022-2023 program.
- Total insured value outside Florida is 74.0% of TIV as of Q1 2022; zero exposure to Louisiana and Texas.
- Did not utilize Florida's new Reinsurance to Assist Policyholders program authorized in May 2022 special session.
- CEO Ernie Garateix cited thorough understanding by reinsurance partners of diversification strategy and underwriting actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312522165448/0001193125-22-165448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312522165448/d365533d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-165448

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