Another Florida Insurer, St. Johns, Headed into Insolvency

Florida property insurance market improves

Florida’s insurance carrier challenges continue, with another company facing insolvency and analysts claiming that nearly half of the smaller Florida-focused homeowners carriers they have tracked have failed to make a profit. St. John’s Insurance is the most recent failure, with the Florida Department of Financial Services appointing a receiver and liquidating the company’s assets. Demotech… Continue reading Another Florida Insurer, St. Johns, Headed into Insolvency