Reinsurance’s role in rising rates
A Florida property insurance company says it will be able to lower rates for some of its customers, an incoming company to the Florida market warns that restricting cancellations will deter other carriers from writing …
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 …