Florida regulators hit the state’s largest private insurer, Universal Property & Casualty Insurance Co., with a $1.26 million fine Thursdayfor practices including claims denials spotlighted by The Palm Beach Post.
Some state officials called it a win for consumers, though homeowner Bill Lutz of Hobe Sound said a lot of people suffered before authorities took action.
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EARLIER POST REPORTS
The Post reported about Universal Property & Casualties claims practices in a recent series of stories. One featured Melody Ward of Gainesville, who said she is not sure whether the order will help her and her husband, whose fire claim was denied by Universal. They’re living in a trailer in the yard.