FedNat to raise rates 6% in March renewals as turnaround continues: CEO Braun
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FedNat to raise rates 6% in March renewals as turnaround continues: CEO Braun

FedNat Insurance logo Fort Lauderdale Florida 2.jpg

FedNat is set to increase rates 6% in the Florida market, with the rise taking effect this month, CEO Michael Braun told analysts during the company’s Q4 earnings call.

The rate increases come as management at the Florida-headquartered carrier moves to turnaround the business that has struggled for years with unprofitable loss ratios, as well as structural constraints imposed by politicians and regulators — an environment this publication...

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