It is enteresting that Federated National Ins Co. which is a homeowners company that is part of Century 21, was downgraded by AM Best, is under review for further downgrades, has extremely low rates in parts of Florida and is now in the process of terminating agents due to “Capacity” in markets that they have only just begun to write business in less than a year ago. It will be hard to make up the losses from 4 storms if you are not writting new business due to capacity. All of this tells me that Federated National has a bleak outlook for survival.
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It is enteresting that Federated National Ins Co. which is a homeowners company that is part of Century 21, was downgraded by AM Best, is under review for further downgrades, has extremely low rates in parts of Florida and is now in the process of terminating agents due to “Capacity” in markets that they have only just begun to write business in less than a year ago. It will be hard to make up the losses from 4 storms if you are not writting new business due to capacity. All of this tells me that Federated National has a bleak outlook for survival.