FedNat to file ratings plan with Floir by April 29
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FedNat to file ratings plan with Floir by April 29

Rachel Dalton
April 22, 2022
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FedNat Insurance logo Fort Lauderdale Florida.jpg

FedNat Holding Company has agreed to a consent order with the Florida Office of Insurance Regulation (Floir) binding it to producing a plan to improve its financial strength rating (FSR) by the end of the month.

The move comes after the carrier’s FSR was downgraded by Demotech from ‘A’ (exceptional) to ‘S’ (substantial) last week, as the regulator reacted to weather claims facing FedNat from Louisiana and Texas.

FedNat’s

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Rachel Dalton
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