Demotech downgrades UPC and withdraws Weston and FedNat ratings
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Demotech downgrades UPC and withdraws Weston and FedNat ratings

Martha Muir
02 August 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
demotech.jpg

United Property & Casualty’s (UPC) financial stability rating (FSR) was downgraded by two notches to ‘M’, from ‘A’, while FedNat and Weston have had their ratings withdrawn by Demotech.

The moves follow weeks of speculation about what actions Demotech would take on Florida carriers, after the ratings firm wrote to more than 15 insurers last month warning of possible downgrades.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News UPC Insurance FedNat Property
MM
Martha Muir
Reporter
Gift this article