Florida's Citizens Property Insurance Corporation's board of governors took a major step toward launching a consumer clearinghouse by selecting Bolt Solutions to service policyholders and agents when the program kicks off on Jan. 1, 2014.
The board unanimously approved a contract with Bolt, which has an office in Sarasota, to provide the software platform linking private insurers with consumers seeking to renew policies or purchase new coverage with Citizens.
Bolt provides online insurance placement to small businesses and consumers in 50 states and similar clearinghouse services to major national carriers. Under the terms of the deal, the 10-year agreement may not exceed $44.9 million and includes an initial five-year contract period and a five-year renewal option.
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