Latest FedNat Headlines
All the headlines from our FedNat Topic Page, ordered by recency.
FedNat Holding Company: NOTICE OF SALE OF CERTAIN ASSETS AT AUCTION
Mar 14 2023 // UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA FT. LAUDERDALE DIVISION” www.flsb.uscourts.gov In re: FedNat Holding Company, et al[1]. Debtors. Case No.: 22-19451-PDR Chapter 11 (Jointly...
FedNat Holding Company: NOTICE OF SALE OF CERTAIN ASSETS AT AUCTION
Jan 30 2023 // UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF FLORIDA, FT. LAUDERDALE DIVISION www.flsb.uscourts.gov In re: FedNat Holding Company, et al[1]. Debtors. Case No.: 22-19451-PDR Chapter 11 (Jointly Administered) NOTICE...
Louisiana Guaranty Fund Extends Deadline to File Suit Against FedNat, Maison
Jan 17 2023 // The Louisiana Insurance Guaranty Association (LIGA) has granted a voluntary extension to March 31, 2023, of the deadline by which former FedNat Insurance Company and Maison Insurance Company policyholders are required to...
Three Months After Liquidation, FedNat Holding Co. Files Chapter 11 Bankruptcy
Dec 13 2022 // 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...
Florida Restructure Plan Didn’t Take: FedNat Insurance Deemed Insolvent
Sep 27 2022 // Despite monitoring by Florida regulators, cancellation of more than 56,000 policies, and an extensive restructuring plan this year, FedNat Insurance Co. is now insolvent and must be liquidated – the sixth Florida...
SURE Insurance Picks Up 14,000 FedNat Policies in South Carolina
Jul 6 2022 // The member-owned property insurer known as SURE has assumed some 14,000 South Carolina homeowners policies from FedNat Insurance, which left the state as part of a financial restructuring plan this year. “We...
Hale Partnership Invests $15 Million into FedNat’s Monarch National
May 31 2022 // A Charlotte-based investor has agreed to put $15 million into Monarch National Insurance Co., a subsidiary of FedNat Holding Co., a Florida property insurer group now going through restructuring after heavy losses in the...
FedNat to Cancel 56,000 Policies Under Restructuring Plan; Monarch Finds Investor
May 16 2022 // Starting today, May 16, Florida insurance agents and 68,000 policyholders will have 45 days to find new homeowners and dwelling coverage, under a financial restructuring plan submitted by FedNat Insurance and its sister...
FedNat Has Until Friday to Submit Improvement Plan, Florida OIR Says
Apr 25 2022 // The Florida Office of Insurance Regulation has given FedNat Insurance a week to come up with a plan to improve its financial footing, after the company’s stability rating was downgraded to level that is not...
Demotech Downgrades FedNat Rating, Just as Florida Guv Calls Special Session
Apr 18 2022 // 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...
FedNat Pulling Out of Louisiana, Texas Amid Heavy Storm Losses
Nov 10 2021 // 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...
FedNat Hopes to Improve Numbers By Concentrating on Florida Market
Nov 10 2021 // Who would have thought, given what many have called a crisis in the Florida property insurance market, that an insurance company would decide it could improve its bottom line by focusing solely on the storm-plagued...
Business Moves
Dec 16 2019 // National MetLife, PetFirst MetLife has agreed to acquire PetFirst Healthcare, a pet insurance program administrator that distributes its products through animal welfare agencies, direct-to-consumer channels and...
FedNat Completes Acquisition of 1347 Property Insurance Homeowners Operations
Dec 4 2019 // 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...
Florida-Based FedNat Holding Company Makes Changes to Board of Directors
Aug 27 2019 // 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...
FedNat to Buy Maison Homeowners Insurance Operations from 1347 Holdings
Feb 26 2019 // 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...
Business Moves
Aug 20 2018 // TrueNorth, Gateway Insurance Services TrueNorth Companies has acquired Iowa-based Gateway Insurance Services, which will adopt the TrueNorth name and brand. With locations in Ames and Iowa Falls, Gateway Insurance Services...
Florida-Based Insurer Federal National Rebrands as FedNat Insurance Co.
Jul 11 2018 // 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...
Insurance Industry Tallies Irma’s Mounting Losses in Florida
Sep 22 2017 // With two Florida landfalls in the same day, Hurricane Irma‘s destructive wind and flood damage could cost up to $65 billion for both insured and uninsured losses, according to a recent estimate by...
Florida’s Federated National Raises $40M in IPO
Aug 6 2014 // Federated National Holding Co., a Florida-based property/casualty insurer, announced the closing of its public offering of 2,358,975 shares of its common stock, which includes 307,692 shares sold pursuant to the exercise...
