Company profiles and policy targets
According to a report from BestWire, Stand is described as a technology-forward company focused on helping homeowners mitigate risk. Praxis executives bring more than 75 years of experience in the Florida market. Both companies intend to transfer 25,000 policies from Citizens Property Insurance Corp., the state-backed insurer of last resort. Citizens now has fewer than 780,000 policies, down from more than 1.4 million in September 2023.