The Real Deal Miami

Coral to cancel policies

April 24, 2009 04:20PM

Hollywood based Coral Insurance, now in receivership, will cancel all its policies by the end of the month, following a judge’s order. Leon County Circuit Court Judge P. Kevin Davey signed off on a plan to repay unearned premiums and claims. The insurer was found to be undercapitalized in the event of a major hurricane.