Sawgrass Mutual Insurance Company entered into a consent order earlier this month with the Florida Office of Insurance Regulation to wind down the company's operations and is now under administrative supervision. The Sunrise-based property insurance company, which has over 20,000 policyholders in Florida and was founded in 2009, signed the consent order shortly after it was given a downgrade by the financial analysis firm, Demotech Company, from an "exceptional" to "licensed" rating. The winding...
