Florida-based FedNat Insurance Co., six months after it pulled out of other states to concentrate on Florida, woke up to some potentially bad news on Good Friday. The Demotech financial rating firm announced it has downgraded FedNat’s financial stability rating …
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 …
FedNat Holding Company (FNHC), an insurance holding company, has completed its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (PIH), consisting of Maison Insurance Co., Maison Managers, Inc., and ClaimCor LLC (collectively, Maison), in a cash …
After reviewing the year-end financial statements of the Florida-based carriers it rates, Ohio-based ratings agency Demotech is warning that many insurers could see underwriting and operating losses in their year-end financial statements and that those insurers should be prepared to …
FedNat Holding Co. has agreed to purchase substantially all of 1347 Property Insurance Holdings homeowners’ insurance operations, consisting of Maison Insurance Co., Maison Managers and ClaimCor in a 50/50 cash and stock transaction valued at approximately $51 million. In addition …
FedNat Holding Co., formerly known as Federated National Holding Co., has rebranded its largest insurance subsidiary to FedNat Insurance Company (FNIC). FedNat was founded in Florida in 1992 and through its wholly owned subsidiaries, is authorized to underwrite and/or place …
