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FedNat group to cancel 68,200 policies as Monarch lines up new investor

FedNat Insurance logo Fort Lauderdale Florida.jpg

The Florida Office of Insurance Regulation (Floir) has signed off on a plan that will cancel 68,200 policies written by FedNat Insurance Holdings brands as the group put forward a proposal that would lead to the closure of FedNat Insurance, while keeping afloat Monarch with new investment backing.

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