At the Brink of Hurricane Season, Florida Insurance Companies Expect to Cancel over 50,000 Policies

Less than a week from the start of hurricane season, an estimated 53,205 homeowners insurance policyholders in Florida will have their policies cancelled or nonrenewed after approval by the Florida Office of Financial Regulation.

The Florida regulator approved Office of Insurance Regulation consent orders for three Florida-based insurance companies: Universal Insurance Co. of North America (UICNA), Southern Fidelity Insurance Co., and Gulfstream Property and Casualty.

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