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Demotech Affirms the Financial Stability Ratings® of Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company
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Demotech Affirms the Financial Stability Ratings® of Four Insurers in United Insurance Holding Corporation
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Insurance Journal’s Most Noteworthy Topics of 2020: Southeast Region
Some of the top insurance topics this year included:
Florida, Florida, Florida
The Florida property insurance market was a rollercoaster ride this year and Insurance Journal readers were along for it all as stories about the Florida insurance market dominated the headlines. While the state was lucky to avoid a major hurricane in 2020, it still dealt with plenty of issues from past storms and excessive claims litigation.
Insurer Ratings Drama
Insurance Journal broke the news in January that financial analysis firm Demotech, which rates more than 40 Florida-based domestic insurance carriers, had warned the head of Citizens Property Insurance Corp. that more than a dozen Florida insurers were facing ratings downgrades due to hazardous financial conditions. Demotech President Joe Petrelli penned an update on the Florida insurer downgrade situation for IJ soon after, stating that most companies would receive affi