financial stability ratings (FSRs) News

An Update on Florida Insurer Downgrade Situation: Demotech Commentary

Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews and rates 46 insurers that write approximately 66% of Florida’s homeowners’ insurance premium. While Demotech reviews and rates 403 entities …

More Than a Dozen Florida Insurers Facing Ratings Downgrades

The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the state’s property insurance market, and more than a dozen …

Demotech: Expect 2018 Catastrophe Losses to Impact Florida-Based Insurers

After reviewing the year-end financial statements of the Florida-based carriers it rates, Ohio-based ratings agency Demotech is warning that many insurers could see underwriting and operating losses in their year-end financial statements and that those insurers should be prepared to …

Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers

With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10 Florida-based insurers as “weak.” The insurer trade group, …

Demotech Affirms ‘A’ Ratings of Florida Insurers

Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial stability ratings (FSRs) adjustments because of hurricane losses and assignment of benefits litigation during 2017. The announcement comes after the …

Demotech Holds-Off on Affirming ‘A’ Ratings for 16 Florida Insurers

A company that rates many Florida property/casualty insurers believes hurricane losses and assignment of benefits litigation during 2017 could affect some insurers’ financial ratings. Ratings company Demotech says it will wait until it has analyzed year-end financial information, revised business …

Assignment of Benefits Abuse Tops Florida News for 2017

Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was certainly one of the hottest ones for Southeast readers. From threats of insurer ratings downgrades caused by the escalation in …

Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming

Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 …

Demotech Affirms Ratings of Midwest Public Entity Pools

Ohio-based Demotech Inc. recently affirmed the financial stability ratings (FSRs) assigned to six self-funded public entity pools in the Midwest. Demotech reviews and rates more than 415 insurers, writing every line of property/casualty insurance in the US, District of Columbia, …