Universal Insurance, Florida’s 2nd largest Increases Rates and CEO Salary!
Universal Insurance Holdings, which owns the largest private homeowners insurance company in Florida, will pay its new CEO a salary of $2 million a year, plus bonuses. The Fort Lauderdale-based property insurance company (NASDAQ: UVE) appointed Sean P. Downes, 43, as its president and CEO on Friday. The move was expected following the previous announcement…