Insolvency in Florida:
- State regulators in Florida have asked a judge to place a property insurance company in receivership following Hurricane Ian.
- The Florida Department of Financial Services is seeking to be the appointed receiver for FedNat Insurance Company
- On September 13, the company notified the state Office of Insurance Regulation that it does not have enough money for "runoff" from its obligations.
Florida’s property insurance system is collapsing at breakneck speed
- Since February, the following Florida property insurance companies have declared insolvency:
- Southern Fidelity Insurance Co.
- Weston Property and Casualty Insurance Co
- Lighthouse Property Insurance Corp
- Avatar Property & Casualty Insurer
- St Johns Insurance Co
https://www.naturalnews.com/2022-10-03-sixth-property-insurer-declares-bankruptcy-hurricane-ian.html
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