Homeowners Choice Announces Release Date for 2008 Second Quarter Results, Earnings Conference Call and Webcast

CLEARWATER, Fla.--(BUSINESS WIRE)--Homeowners Choice, Inc. (NASDAQ:HCIIU), a Florida-based insurance holding company, announced today that it will release its results for the six months and three months ended June 30, 2008 before the market opens Wednesday, Aug. 27, 2008. That same day at 4:30 p.m. EDT, the company’s management will host an earnings conference call to discuss the results. The company will provide a live audio webcast of the call at http://www.ir-site.com/hcpci/events.asp. Replays of the webcast will be available until Nov. 28, 2008.

Conference Call Details

Participants should dial into the conference call 10 minutes before the scheduled time using (877) 407-6180 (toll-free). International participants should instead call (201) 689-8049. Professional analysts wishing to participate in the call should contact Jay Madhu, Investor Relations Director, at (813) 263-5007.

About Homeowners Choice, Inc.

Homeowners Choice, Inc. is a Florida-based insurance holding company. Its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., which began operations in June 2007, provides property and casualty homeowners' insurance, condominium owners' insurance and tenants' insurance to Florida property owners. On July 31, 2008, units comprised of one Homeowners Choice, Inc. common share and one warrant began trading on The NASDAQ Global Market under the ticker symbol “HCIIU.” The company expects common shares and warrants will soon begin separate trading on The NASDAQ Global Market under the ticker symbols “HCII” and “HCIIW,” respectively. The company’s principal executive offices are located at 145 N.W. Central Park Plaza, Suite 115, Port St. Lucie, Fla. 34986, but it plans to move its headquarters to Clearwater, Florida in August 2008. 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.