secwatch.observer — SEC 8-K summary
======================================

Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001193125-22-169325
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance places $359.5M catastrophe reinsurance; suspends new FL policies
--------------------------------------------------------------------------------

- Total reinsurance cost $359.5M, 31% of premiums-in-force (up from 28% prior year).
- First event retention: $40M Southeast/Hawaii, $30M Northeast; tower exhaustion up to $1.3B.
- Includes $100M Citrus Re Ltd. catastrophe bond at $5.1M cost for multi-year coverage.
- Suspended new personal residential policies in various Florida counties effective June 3, 2022.
- Florida Hurricane Catastrophe Fund participation at 90%, unchanged from prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312522169325/0001193125-22-169325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312522169325/d339216d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-169325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer