Millions of mortgages and insurance agents at risk if Demotech S ratings applied: FAIA
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Millions of mortgages and insurance agents at risk if Demotech S ratings applied: FAIA

Demotech logo florida sign.jpg

The Florida Association of Insurance Agents (FAIA) has outlined why downgrades to Demotech S ratings are so problematic for mortgages and insurance agents in a letter to members.

The agency explained that while Florida law does not require an insurance company to be rated, the secondary mortgage market, dominated by Fannie Mae and Freddie Mac, which back roughly 62% of all residential mortgages, does.

“Because

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article