(Bloomberg) -- For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida was battered with ever more-powerful storms, an...
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said insurance carriers are scrambling to maintain their financial ratings and, in some cases, just to stay in business.... , a principal with The Boyd Company in Florida. “You think...
Florida's home insurance crisis is a liability for Republicans. That hasn't stopped some of the biggest insurers in Florida from donating to the state GOP.
The Florida Office Of Insurance Regulation (OIR) is taking emergency action as the state waits on the potential downgrade of several companies’ financial stability ratings from Demotech.
"People are hurting," a Florida homeowner told Newsweek commenting on the state's property insurance crisis.
Florida's rating agency makes its first changes to financial stability ratings after evaluating reinsurance packets.
Scott Maxwell: More insurance problems in Florida as a new report says insurers also deny more claims in Florida than other states.
Office of Insurance Regulation (OIR) Commissioner David Altmaier called out the rating agency in a letter last week, basically telling them to go back to the drawing board and reassess their ratings guidelines. In a response letter to OIR, Demotech President Joe Petrelli wrote: “Due to various circumstances, Demotech will not take any rating action ...
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