The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state – while also asking for a rate increase on some policies.
United Property and Casualty Insurance Co., which has ranked in the top 10 homeowners insurers in Florida with more than 180,000 policyholders, stopped writing new policies in Florida on Jan. 1, according to a memo the carrier sent to agents.
