One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. …
Universal Property & Casualty Insurance Company, the second largest property insurer in Florida, has agreed to implement corrective action, including changes to its claims and underwriting practices, and pay an administrative fine to the Office of Insurance Regulation (Office) totaling …
Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced Thursday that his office was assessing a fine against Universal Property & Casualty Insurance Company. Universal has roughly 542,000 …