FedNat
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
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Hurricane Delta triggered the carrier’s aggregate reinsurance programme.
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The carrier had topped up its cover earlier this month after Laura triggered recoveries.
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The carrier did not give a gross loss estimate, but has added $39.2mn of reinsurance cover for a second event.
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Lawyers are diligent in finding avenues to bring litigation against insurers, FedNat’s CEO Michael Braun told analysts on Thursday. -
The losses were driven by severe weather events in Florida, Texas and Louisiana.
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