Transition plan: Insurance firm tackles two big moves at once

Heritage Insurance Holdings Inc., a Clearwater-based property and casualty firm that operates in 15 states, finds itself at a crossroads. Founded in 2012 by Bruce Lucas and Richard Widdicombe, the publicly traded company took a $5.2 million loss in the third quarter, primarily because of a record-breaking hurricane season. But it’s also riding high on a run of growth that has seen gross revenues rise from $406.62 million in 2017 to $480.17 million in 2018 and $511.31 million in 2019 — up 26% over three years.