21st Century Holding Company Subsidiary, Federated National Insurance Company, Approved by Florida's Office of Insurance Regulation for Policy Take Out.

Publication: Business Wire

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COPYRIGHT 2004 Business Wire

Business Editors

PLANTATION, Fla.--(BUSINESS WIRE)--Feb. 26, 2004

21st Century Holding Company (Nasdaq:TCHC), a vertically integrated financial services holding company, is pleased to announce that one of its subsidiaries, Federated National Insurance Company, has been granted approval by the Florida Office of Insurance Regulation to take out 31,000 homeowners insurance policies from Citizens Property Insurance Corporation.

Richard A. Widdicombe, Chief Executive Officer, said, "With this approval, Federated National will add roughly $60 million in annualized premium to its homeowners' program. We expect that approximately $30 million of the premium will be assumed in April, with the balance...

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