Bill Moak Consumer Watch Published 6:00 AM EST Nov 12, 2018 Health care has become a big issue for many Americans over the past few years. As the costs of health care continue to rise, families without health insurance are looking for ways to afford those costs. That can make them vulnerable to companies that take their money without providing needed services. This week, the Federal Trade Commission requested that a federal judge shut down a Florida-based operation that it accused of collecting more than $100 million “by preying on Americans in search of health insurance, selling these consumers worthless plans that left tens of thousands of people uninsured.” In a news release, the FTC accused Simple Health Plans of “misleading customers into thinking they were buying comprehensive health insurance” but instead provided little in exchange for the $500-per- month cost. Many customers found themselves holding the bag for thousands in unreimbursed medical … [Read more...] about Is that health insurance company a sham?
Security national insurance company claims
SUNRISE, Fla., June 01, 2018 (GLOBE NEWSWIRE) -- Federated National Holding Company (NASDAQ:FNHC), an insurance holding company, today announced that its Board of Directors declared a cash dividend of $0.08 per share of common stock outstanding, payable on September 4, 2018 to shareholders of record on August 1, 2018. About the Company The Company, through our wholly owned subsidiaries, are authorized to underwrite, and/or place homeowners multi-peril, personal automobile, commercial general liability, federal flood and other lines of insurance in Florida and other states. We market, distribute and service our own and third-party insurers’ products and other services through a network of independent and general agents. The Company’s supplemental line of business information is designed to afford users greater transparency into our results. The “Homeowners” line of business consists of our homeowners and fire property and casualty insurance business, … [Read more...] about Federated National Holding Company Declares Regular Quarterly Dividend
0 View Comments Kansas has a problem: It has a law allowing teachers to carry guns in the classroom, but almost no schools are using it because insurance companies refuse to provide coverage if they do. As EMC Insurance, the largest insurer of schools in Kansas, explained in a letter to its agents, the company “has concluded that concealed handguns on school premises poses a heightened liability risk.” Then came the Parkland, Fla., school shooting in February, leading frustrated Republican legislators in Kansas to try forcing the issue with a bill banning “unfair, discriminatory” rates for schools that arm staff. The insurance industry held firm. Last month, the bill failed. “I don’t think insurance companies are notorious anti-gun liberals,” said Mark Tallman, associate executive director for the Kansas Association of School Boards, “so we think they’ve got good reasons for not doing it.” As proposals to arm teachers … [Read more...] about One roadblock to arming teachers: Insurance companies
/EIN News/ -- SUNRISE, Fla., May 07, 2018 (GLOBE NEWSWIRE) -- Federated National Holding Company (the “Company”) (Nasdaq:FNHC) today reported results for the three months ended March 31, 2018. Q1 2018 highlights (as measured against the same three-month period last year, except where noted): Net income of $7.5 million or $0.58 per diluted share. Investment losses of $0.8 million on the impact of rising interest rates and portfolio rebalancing. Annualized return on equity of 14.2%, as reported, and 15.7% excluding investment losses. Gross written premiums of $134.4 million. Quarter-end Florida homeowners’ in-force policies of approximately 265,000. 60.1% increase in non-Florida homeowners’ policies to approximately 33,500. 19.0% decrease in loss and loss adjustment expenses to $46.1 million. Since December 31, 2017, decreased staff by approximately 50 positions representing $3.0 million in annual savings as a result of exiting non-core lines of business … [Read more...] about Federated National Holding Company Reports First Quarter of 2018 Results
SUNRISE, Fla., April 13, 2018 (GLOBE NEWSWIRE) -- Federated National Holding Company (Nasdaq:FNHC), a Florida-based provider of insurance, today announced that it will release its 2018 first quarter financial results after 4:00 PM (ET) on Monday, May 7, 2018. The investor conference call will be held on Tuesday, May 8, 2018, at 9:00 AM (ET). The Company’s CEO and President, Michael H. Braun, and its CFO, Ronald A. Jordan, will discuss the financial results and review the outlook for the Company. Messrs. Braun and Jordan invite interested parties to participate in the conference call. A live webcast of the call will be available online at http://FedNat.com (in the Conference Calls section). Listeners interested in participating in the Q&A session can access the conference call by dialing toll free 877-303-6913. Participants are advised to join the call at least five minutes in advance. A webcast replay of the conference call will be … [Read more...] about Federated National Holding Company Announces Financial Results Release Date