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...
An Update on Florida Insurer Downgrade Situation: Demotech Commentary January 14, 2020 By Joseph L. Petrelli Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews...
More Than a Dozen Florida Insurers Facing Ratings Downgrades January 9, 2020 By Amy O'Connor The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that...
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten December 20, 2019 By Amy O'Connor Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite...
Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers July 24, 2018 By Amy O'Connor With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back...
Demotech Affirms ‘A’ Ratings of Florida Insurers April 4, 2018 By Amy O'Connor Demotech will not downgrade any of the 16 Florida homeowners insurers that it said earlier this year could face financial...
Demotech Holds-Off on Affirming ‘A’ Ratings for 16 Florida Insurers February 28, 2018 By Amy O'Connor A company that rates many Florida property/casualty insurers believes hurricane losses and assignment of benefits litigation during 2017 could affect...
Assignment of Benefits Abuse Tops Florida News for 2017 December 29, 2017 By Amy O'Connor Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was...
Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming February 7, 2017 By Amy O'Connor Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes June 2, 2016 The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is...