Florida's insurance regulator to back policies over fears 17 insurers will be forced to cease operations

The Office of Insurance Regulation's plan will take advantage of an exception to Fannie Mae and Freddie Mac rules.

Florida's Office of Insurance Regulation plan will take advantage of an exception to Fannie Mae and Freddie Mac rules. (File photo)
Florida's Office of Insurance Regulation plan will take advantage of an exception to Fannie Mae and Freddie Mac rules. (File photo)
  • Manatee-Sarasota
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A day after an insurance rating agency delayed an announcement that might have forced 17 property insurance companies to cease writing business in the state, the Florida Office of Insurance Regulation announced a plan creating a temporary reinsurance program through Citizens Property Insurance Corp.

 

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