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68,200 home insurance policies to be canceled as hurricane season begins

More than 68,000 policyholders of three insurance companies owned by Sunrise-based FedNat Holding Group are in for a rude surprise just as hurricane season is getting underway: They'll be getting 45-day notices of cancellation and will have to find a new company or go to state-owned Citizens Property Insurance Corp., the insurer of last resort.

68,200 home insurance policies to be canceled as hurricane season begins [South Florida Sun-Sentinel]

More than 68,000 policies of troubled Sunrise-based FedNat Insurance Company and its sister companies Maison and Monarch National will be canceled by the end of June, according to terms of a consent order filed Friday by the state Office of Insurance Regulation. The cancellations, meant to help FedNat’ s parent company, FedNat Holding Company, survive after.

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