TALLAHASSEE – CBS4 has learned a ratings agency’s plan to downgrade 27 of the 40 Florida-based property insurance companies has been delayed. It’s a move that could leave millions of homeowners statewide paying more, even leaving some scrambling to find a new insurer. “Very dramatically impact the market down […]
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Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
New You can now listen to Insurance Journal articles! Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they will soon be downgraded. Demotech President Joe Petrelli said Thursday evening that the […]