Demotech affirms 22 Florida carriers as reviews ongoing
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Demotech affirms 22 Florida carriers as reviews ongoing

Fiona Robertson
08 March 2021
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Demotech affirmed its rating on 22 Florida-based insurers as it said that this peer group must show “financial wherewithal, managerial acumen, and access to additional capital to execute their business model in a dysfunctional marketplace”.

In the absence of tort reform to address spiralling legal expenses and loss inflation that is impacting the Florida peer group, Demotech said there were a range of options open to local insurers to sustain their ratings.

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