Federated National Insurance Company, a wholly-owned subsidiary of 21st Century Holding Company, an insurance holding company, announced that it received approval from the Florida Office of Insurance Regulation to write commercial residential property business in the state of Florida.Michael Braun, president of Federated National and CEO of 21st Century Holding Company, commented, "The new authority will allow Federated National to market property insurance to condominium associations throughout Florida. We expect to see this line of business contribute to our operating results beginning in 4th quarter of 2009."
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