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Two Demotech Financial Stability Ratings® Voluntarily Withdrawn

Two Demotech Financial Stability Ratings® Voluntarily Withdrawn

Strength Through the Storms and Through the Years - Demotech Rated Carriers

Share this article Share this article COLUMBUS, Ohio, March 12, 2021 /PRNewswire/  Given the impact of the extraordinary number of natural disasters in 2017, Demotech published a special issue of The Demotech Difference to discuss the impact of disasters on the industry.  Strength Through the Storm focused on promises made and promises kept, featuring the resiliency of Demotech rated carriers. An electronic copy is at: www.demotech.com/pdfs/demotech difference/flexpaper/Strength Through The Storm/index.html. As bad as 2017 was, the natural disasters that property insurers faced in 2018, 2019, and 2020 made 2017 look like a walk in the park.  The six more infamous events of 2018 were the Montecito mudslides, Camp Fire and Woolsey Fire in California, Hurricane Florence, Hurricane Michael, and the flooding in Ellicott City, Maryland.

Broken valve damages update: Insurer removes case to Pittsburgh federal court

PITTSBURGH – A Pittsburgh woman’s lawsuit against her insurance company for alleged refusal to reimburse her for costs sustained after a broken valve damaged her property has been removed to federal court. Jacqueline Rosenberg of Pittsburgh filed suit in the Allegheny County Court of Common Pleas on Nov. 4 versus Tower Hill Insurance Group (later amended to “Tower Hill Preferred Insurance Company”), of Gainesville, Fla. “Plaintiff owns real property located at 267 Cheshire Way, Naples, Florida. Defendant is an insurance company licensed to conduct business in the Commonwealth of Pennsylvania and to place policies of insurance for properties located in Florida. ” the suit states.

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