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27, not 17, Florida insurers marked for downgrades Officials warn of havoc for homeowners

27, not 17, Florida insurers marked for downgrades Officials warn of havoc for homeowners
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State warns of havoc for homeowners if 17 insurers lose strength ratings

State insurance regulators and the Florida Association of Insurance Agents are outraged over a letter that Ohio-based Demotech, which assigns financial strength ratings to Florida-based insurers, sent to 17 of those insurers telling them that their A rating will be downgraded on July 26. The downgrades threaten to throw the insurance market into turmoil.

United statesFreddie macRon desantisJoe petrelliDavid altmaierJimmy patronisMark friedlanderOffice of insurance regulationMonarch nationalInsurance information instituteAm bestCitizens property insurance corpHousing finance agencyFannie maeFlorida association of insurance agentsFlorida association

Citizens Insurance must lower rates for 50,486 customers next year

There's some good news for South Florida customers of Citizens Property Insurance Corp.: State insurance regulators have ordered the company to reduce rates for tens of thousands of homeowners in Broward, Miami-Dade and Palm Beach counties who wouldn't have qualified for the reductions under Citizens' original rate-hike proposal.

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Court Ruling Provides Ammo for Insurers in Florida AOB Cases

Florida insurers may have another weapon in the war over assignments of benefits in insurance claims, thanks to an appeals court ruling that went against

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Coastal News Today | FL - Florida lawmakers want to fix property insurance Here are the big issues

The proposed legislation for the special session is the most substantive in years.

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