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Judge Approves Receivership for Property Insurer

A judge named a receiver for Tampa-based property insurer Avatar Property & Casualty Insurance Co. for “purposes of liquidation.” Avatar has 37K policies. ....

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Another one bites the dust: Avatar Property & Casualty withdraws from Florida

More than a half-dozen other insurers pulled out of the Florida market this week. ....

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

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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. ....

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