One of Florida’s largest homeowners insurance companies will pay back $30 million to the state to satisfy allegations it illegally backdated Hurricane Irma claims.
Fort Lauderdale-based Universal Property & Casualty Insurance Co. was accused of “fraudulently” submitting “numerous ineligible claims for reimbursement” from the state’s Hurricane Catastrophe Fund, the attorney general’s office said in a news release.
Insurance companies pay into the fund, which covers a portion of the companies’ hurricane-related claims…