Governor DeSantis makes a splash in Bermuda with the reinsurance community, the “tort reform dividend” to Floridians is promoted nationally, another auto insurance company drops rates again, plus Citizens Property …
For those of you that follow Florida’s legislative activity, you will recall our weekly legislative updates from March to May 2025 and how incredibly contentious the relationship was between the Governor’s office and the Florida House …
Florida Insurance Commissioner Michael Yaworsky is disputing a recent academic report that claims Florida’s property insurance market is full of “low quality insurers,” especially those Florida-based companies that write the bulk of the 7.5 million homeowners and …
Demotech issues a strong report card for its Florida property insurance companies, another carrier enters the marketplace, the reality check that we’re not out of the woods yet, plus the NAIC calls …
Joe Petrelli, co-founder of Demotech, the financial analysis firm that rates many of Florida’s domestic property insurance companies is out with a new warning for the marketplace. He says national law firms are each spending millions of …
The ratings discussion has been settled for now in Florida’s property insurance market and we also received some welcome clarification on what type and how many bad storms our carriers can financially weather …
The biggest concern recently explained by regulators about Florida insurance company rating downgrades has been the effect they may have on tens of thousands of federally-backed home mortgages in Florida, which require insurance companies be …
What a tumultuous two weeks it’s been for Florida’s property insurance market. While it reportedly reaffirmed “A” ratings for a majority of Florida’s domestic insurance companies, ratings agency Demotech downgraded three companies and pulled ratings altogether …
We expect to get more information later today about those 17 or so letters that Demotech sent to Florida property insurance writers warning they may lose their “A” rating as soon as tomorrow. The letters reflect …
You’ve likely read that insurance company ratings agency Demotech last Thursday sent letters to several Florida-based homeowners insurance companies to inform of a potential downgrade of their “A” (Exceptional) Financial Stability Rating. The recent Demotech actions, while surprising with the …
