Demotech says some Florida carriers must show marked improvements
Demotech provided an update on the Florida insurers that it rates as it said a large group should be in line to sustain their ratings, while others had to show markedly improved results this year to do so.
The carrier had earlier affirmed 22 insurers amongst the group of Floridian insurers it follows, and reiterated the challenging operating environment facing this peer group after multiple minor 2020 storms eroded capital, and as high levels of litigation continue...
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