The FedNat news comes the same week Florida legislators kicked off a special session to address the state's turbulent property insurance market. Proposals being considered would take steps to reduce litigation costs, move policies out of the state-backed Citizens Property Insurance Corp., offer additional reinsurance to insurers and try to speed up claims. (Credit: Maxim_Kazmin/Adobe Stock)
FedNat Holding Co., a regional insurance holding company, along with several of its wholly owned subsidiaries have voluntarily entered Chapter 11 in the United States Bankruptcy Court for the Southern District of Florida. The subsidiaries included in the filing are FedNat Underwriters, Inc., ClaimCor, LLC, Century Risk Insurance Services, Inc., and Insure-Link, Inc., according to company filings with the Securities and Exchange Commission.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
