This was a mutual decision of the 2  parties for whatever financial reasons they encountered. 21st century through Federated National does still intend to persue business here in Florida. Federated has also been approved for 2  differant rate increases one that took affect last November on the book of business it writes directly through agencies like L & S Insurance(us) and now the approval came through for business it absorbed from Citizens Insurance to help out the State pool of Insurance. This new increase will kick in on 7/1/10 for all of those policies. The timing of this is interesting since Hurricane season is just around the corner. I am quite sure 21st century through Federated national will look for other busines ventures here in Florida which will only help the troubled Florida Home Insurance marketplace. Neither company will end up like Northern Capotal, Magnolia and other’s.Please read the full article below;

http://www.insurancejournal.com/news/southeast/2010/04/28/109358.htm

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