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New report: Downward trend for FL homeowners insurance rate filings

The Office of Insurance Regulation (OIR) said this was the first time in years that regulators saw a downward trend for rate filings. ....

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Florida highlights downward trend in property insurance; homeowner cautiously optimistic

TAMPA, Fla. (WFLA) — The Florida Office of Insurance Regulation (OIR) is highlighting a slight downward trend for property insurance rate filings, claiming it is a sign that Florida’s housing insurance issues are improving. “We’re realistically seeing reductions of a few dollars here and there,” said Ron Assise, an insurance broker at The Horton Group. […] ....

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Florida agency decreases 4 property insurance companies' ratings

The Florida rating firm Demotech confirmed four insurance companies were downgraded. ....

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Demotech withdraws 2 more Florida insurance company ratings

Demotech withdrew ratings from Bankers Specialty Insurance And First Community Insurance, both of which are under the umbrella company of Bankers Insurance Group based in St Petersburg. ....

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

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COLUMBUS, Ohio, March 5, 2021 /PRNewswire/ Given the impact of the extraordinary number of natural disasters that occurred in 2017, Demotech commissioned a special issue of The Demotech Difference to recognize the impact of disasters on the insurance industry and on the nation. Published in 2018, Strength Through the Storm was about promises made and promises kept, including the strength of Demotech-rated carriers that protect communities. If you did not receive a hard copy, an electronic copy can be found at: www.demotech.com/pdfs/demotech difference/flexpaper/Strength Through The Storm/index.html.
Unfortunately for property insurance carriers, particularly those licensed and writing in coastal areas, the natural disasters occurring in calendar years 2018 through 2020 seemed intent on making 2017 look like a walk in the park. ....

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