AM Best has reported that a group of property insurers in Florida have hit a five-year performance and surplus low in 2020, and given persisting and significant market hurdles, the rating agency believes companies will find sustaining current surplus levels a challenge. Despite no hurricanes making landfall in 2019 to 2020, Florida property insurance writers… Continue reading Florida’s Property Insurers Hit Performance and Surplus Lows: AM Best
Tag: Florida property insurers
Two Florida Insurers Likely to Head Into Receivership within Days
Sources tell Artemis that two Florida primary insurance carriers are likely to head into receivership and be deemed insolvent within a matter of days, with the regulator set to act perhaps as soon as Monday. The Florida Office of Insurance Regulation has been keeping a close watch on a number of Floridian carriers, as stresses… Continue reading Two Florida Insurers Likely to Head Into Receivership within Days