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 last 12 months. Hale Partnership Capital …
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 companies. But unlike an insolvency, FedNat Insurance …
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 …
