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 …
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 …
Rodney Helton stood in a cotton field in Atmore, Ala., on a Thursday morning, just over the Florida state line, with puddles of wet, mushy soil and water gathering over his dirty boots. He reached out and plucked a sopping …
Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation. The current number of claims from Hurricane Michael, a Category 4 storm that hit …
