Despite monitoring by Florida regulators, cancellation of more than 56,000 policies, and an extensive restructuring plan this year, FedNat Insurance Co.
State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.
As Hurricane Ian approaches Florida, state regulators asked a judge to place FedNat Insurance Co. in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.