Hey Fitch, they are called insurance companies not specialists.
You are a little late to the table with your words of caution, this is a widely known concern but no one wants to hold the industry accountable until the doodoo hits the fan. Owners and investors (usually re-insurers) take millions out the back door with no oversight. And for the record not a single carrier in Florida is concerned about a “Fitch” rating. So what is this really about?
Hey Fitch, they are called insurance companies not specialists.
You are a little late to the table with your words of caution, this is a widely known concern but no one wants to hold the industry accountable until the doodoo hits the fan. Owners and investors (usually re-insurers) take millions out the back door with no oversight. And for the record not a single carrier in Florida is concerned about a “Fitch” rating. So what is this really about?