Capacity Insurance Company formally withdrew its residential commercial property programs for condo associations in Florida in September 2018. The filing, prepared by Perr&Knight, took effect October 29, 2018, and removed manual pages tied to “Condo Association Only” coverage while introducing an eligibility rule excluding residential risks from its commercial property program.

The move followed guidance from Florida’s Office of Insurance Regulation, which directed Capacity to make four separate rule filings and four form withdrawals to clear out its prior residential condo programs. The filing, signed by analyst Paula Rossman, positioned the company to focus solely on non-residential commercial property.

No premium volume or policyholder impact was reported in the filing. The change was procedural but strategic: a quiet exit from the residential condo space at a time when Florida’s property market was already under pressure.