Florida Insurance Commissioner Kevin McCarty has fined the state's second-largest property insurer $1.26 million following a market conduct examination.
According to an order from the state Office of Insurance regulation, Universal Property & Casualty Insurance Company (UPCIC) has engaged in some questionable claims practices, hasn't logged consumer complaints appropriately, and the insurer allegedly has not given policyholders proper notice of nonrenewal.
The insurer allegedly used consumers' credit history to deny claims.
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