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

Published: Tue 10 May 2022

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.