2008-09-15 13:36:04 -

www.hcpci.com - Homeowners Choice, Inc., a Florida-based insurance company, announced that the common shares and warrants underlying its units will begin separate trading today on the Nasdaq Global Market under the ticker symbols "HCII" and "HCIIW" and the units, which previously traded under the ticker symbol "HCIIU," will cease to exist.

About Homeowners Choice, Inc.

Homeowners Choice, Inc.

is a Florida-based insurance holding company, headquartered in Clearwater, Fla. and founded by individuals who are Florida homeowners. Its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., which began operations in July 2007, provides property and casualty homeowners' insurance, condominium owners' insurance and tenants' insurance solely to Florida property owners. The company's principal executive offices are located at 2340 Drew St., Suite 200, Clearwater, Fla. 33765. More information about Homeowners Choice, Inc. is available at www.hcpci.com.

Forward-Looking Statements

This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expect," "intend," "plan" and "project" and other similar words and expressions are intended to signify forward-looking statements. The forward-looking statements in this news release include statements regarding the company's expectations regarding when the company's common stock and warrants underlying the units will begin trading on The NASDAQ Global Market. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company's registration statement filed with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company's business, financial condition, and results of operations. Homeowners Choice, Inc. disclaims all obligations to update any forward-looking statements.

For Homeowners Choice, Inc., Clearwater
Media Contact:
RFB Communications Group
Suzie Boland, 813-259-0345
sboland@rfbcommunications.com