Is Federated National leaving Florida?

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Start your day with the top stories in South Florida. In a news release announcing the decision, Federated National CEO Michael H. Braun was quoted as saying: “Our decision to withdraw from the auto business allows us to focus resources and capital on new or existing business opportunities. Dec 21, 2017

Why is Gulfstream insurance going out of business?

The Sarasota, FL-based Gulfstream went into liquidation on July 28. It came just a month after the state Office of Insurance Regulation (OIR) placed Gulfstream under its administrative supervision on June 25; the regulator determined that the insurer was financially unable to pay for policyholders’ claims. Aug 12, 2021

Why are insurance companies dropping customers?

California’s seemingly endless wildfire season has insurance companies paying out huge claims. In order to manage future risk, they’ve been dropping customers in high risk areas, more than 250,000 policies in 2019 alone. Sep 27, 2021