The holding company for the insolvent FedNat Insurance Co. has filed for bankruptcy after an increase in severe weather events in the state weighed on its balance sheet, Bloomberg News reported. The company filed for Chapter 11 bankruptcy in Fort …
Winter Storm Uri, Hurricane Ida and the fallouts from each storm dominated headlines in Insurance Journal’s South Central region in 2021. Readers were also interested in Texas’ crackdown of commercial vehicles, the Texas legislature’s passing of a commercial auto tort …
After two years of heavy storm-related losses, FedNat Insurance is pulling out of the Louisiana and Texas markets and doubling down on its home state of Florida. FedNat announced its decision to exit non-Florida markets during its holding company’s third …
The Board of Directors of FedNat Holding Company, an insurance holding company, has selected David Michelson and David Patterson as candidates to serve on the board as new, independent directors. As soon as their appointments have satisfied insurance regulatory review, …
