More than 40,000 homeowners are looking for new insurance policies after an insurance company dropped them, following similar moves by two other companies. Southern Fidelity canceled 42,000 policies Friday, leaving Louisiana homeowners with 60 days to find new coverage, state …
Louisiana Insurance Commissioner Jim Donelon has extended the policy cancellation date for failed insurer Lighthouse Excalibur to June 30 following the Louisiana Department of Insurance’s (LDI) action to secure additional reinsurance for those policyholders through the end of this month. …
Two weeks after it lost its financial stability rating, Southern Fidelity Insurance Co. has been ordered into receivership and is being liquidated, making it the fourth Florida property insurer this year to bite the dust. A Leon County Circuit Court …
The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced to seek more capital from investment firms, a prospect that may not be …
More than 50,000 Florida policyholders will soon be looking for a new carrier for their homeowners insurance after three Florida-based companies were approved by the state regulator to drop the policies. The moves come just a few weeks before the …
North Carolina-based HG Holdings said it has agreed to acquire 100% of the equity of Florida-based National Consumer Title Insurance Co. from Southern Fidelity for for $5.5 million. The deal also includes 100% of the interest in National Consumer Title …
After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a majority stake in ownership to Hudson Structure Capital …
Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane season. In a May 12 consent order, …
Southern Fidelity Insurance Co. has expanded into Mississippi and will offer HO-3 homeowners coverage and customer service in the state. Southern Fidelity was founded in 2005 by Jimmy Graganella in Tallahassee, Fla. Since then, the company has grown its financial …
Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for the state’s property insurer of last resort is set to approach 54,500 with the most recent round of depopulation. That number represents a significant drop from a high …
