Demotech Withdraws Rating of American Capital, AM Best Issues Downgrade March 10, 2021 By Amy O'Connor American Capital Assurance Corp., a Florida-based insurer focused on commercial residential and non-residential property risks, as well as flood coverage,...
New Initiative by Florida’s Insurance Consumer Advocate Targets Contractor Fraud March 9, 2021 In an effort to educate consumers about contractor fraud schemes that are contributing to increased insurance rates, Florida’s Insurance Consumer...
Demotech: Investor Interest in Florida Will Diminish Without Legislative Action March 5, 2021 By Joseph L. Petrelli As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding...
‘Desperate’ Times: Stakeholders Urge Florida Lawmakers to Enact Insurance Reform March 4, 2021 By Amy O'Connor It’s the start of another Florida Legislative Session with a familiar theme — insurers pushing for reforms they say are...
Florida Legislature Weighs Options to Address Rising Homeowners Insurance Costs February 24, 2021 By Corey K. Setterlund Three bills currently working their way through the Florida Legislature are designed to tackle the rising costs of homeowner roof...
Newly-Formed K2-Backed Exchange to Offer Coverage for Mobile Homeowners in Florida February 2, 2021 Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American...
Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation: Report January 20, 2021 By Amy O'Connor Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the...
Best Downgrades Ratings of Tower Hill Prime Insurance of Florida December 11, 2020 AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit...
As FAIA Chief Grady Says Goodbye, He Shares His Top 10 Moments August 27, 2020 By Amy O'Connor For 22 years, the Florida Association of Insurance Agents has been led by Jeff Grady, president and chief executive officer,...
Florida’s Capitol Preferred to Shed Nearly 24K Policies; Regulator to Monitor Operations May 15, 2020 By Amy O'Connor Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s...