Court Orders Liquidation of American Capital; Policies to Cancel May 14 April 22, 2021 Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S. April 14, 2021 By Amy O'Connor New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers....
Regulator Deems Florida-Based American Capital Assurance Corp. Insolvent April 6, 2021 By Amy O'Connor After negative moves by ratings agencies last month to address its financial issues, Florida’s insurance regulator says American Capital Assurance...
Florida Agents Join Consumer Advocate in Fight Against Contractor Fraud April 6, 2021 By Amy O'Connor As Florida insurers focus on addressing mounting losses in the state’s property insurance market with legislative reforms, rising rates and...
Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase March 22, 2021 The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase...
Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems March 11, 2021 By Amy O'Connor While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying...
What Stakeholders Are Saying About the Florida Insurance Market March 11, 2021 Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state...
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...