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Federated National Holding Company Message Board

  • ballen2123 ballen2123 Jun 21, 2012 9:42 PM Flag

    Policy Risk

    This was in the last 10q

    The Merged Company agreed to reduce the total number of its homeowners’ policies in Miami-Dade, Broward and Palm Beach counties (the “Tri-County Area”) to 40% of its entire homeowners’ book by December 31, 2011 and limit its new homeowners’ policies in the Tri-County Area to $500,000 of new policy premium per month. The 40% was achieved through the increased writing of property located outside of the Tri-County Area, the non-renewal of certain policies located within the Tri-County Area, and limiting the writing of new property located within the Tri-County Area. As of March 31, 2012, the Company had approximately 28.9% of its homeowners’ policies located within Tri-County Area.

    Thats not to bad to bring the risk down over 10% from the high risk Tri-County Area

25.52-0.13(-0.51%)May 26 4:00 PMEDT