FedNat’s Braun: FLOIR “receptive” to action plan to become much smaller

FedNat Michael Braun

FedNat Holdings’ CEO Michael Braun has said Florida’s insurance regulator is receptive to the embattled carrier’s plan to become much smaller and buy XOL reinsurance on a Florida-only book, while investors sent its share price down over 25 percent after its first quarter operating loss widened.

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