Why did State Farm leave Florida?

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The company cited its “substantially weakened financial position,” which it tied to its inability to obtain regulatory approval of property insurance rate increases. Jan 27, 2009

Is Capitol preferred going out of business?

Capitol Preferred will no longer exist following the transaction, and all of its 82,800 policies will be moved to Southern Fidelity. Nov 8, 2020

Is Federated National leaving Florida?

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