AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals February 11, 2020 Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage October 7, 2019 By Amy O'Connor Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state...
As Irma Looms, This Small Insurer Has an Outsized Bet on Florida September 7, 2017 By Noah Buhayar and Sonali Basak As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big...
Florida Domestic Insurer Sawgrass Mutual to ‘Wind Down’ Operations August 23, 2017 By Amy O'Connor Just a day after being downgraded by ratings agency Demotech, Florida-based insurer Sawgrass Mutual Insurance Company has revealed it is...
How Florida Insurers Can Prepare for Claims from a Major Hurricane August 31, 2016 By Yong Gilroy After eight hurricanes in two years between 2004 and 2005, we haven’t seen a hurricane in Florida for over 10...