The following is the complete text of a news release issued by Demotech, Inc. on March 16, 2017: Reserving, Reinsurance, Recapitalization, and Ratings Columbus, Ohio, March 16, 2017– Two facts underlie...
Florida Property Insurers Largely Avoid Downgrades, For Now, Demotech Says Ratings company Demotech is holding off on issuing Large-Scale Ratings Downgrades of Florida Property Insurers for now, after a number of...
Citizens Insurance Buying Back $300 Million in Catastrophic Coverage Citizens Property Insurance can buy back some $300 Million in Reinsurance against a Catastrophic Storm because the risk of that happening is now...
AOB Reform Passes Florida House Subcommittee, But It Wasn’t Pretty The Legislature has been arguing over Assignment of Benefits Reform for years, to no avail. Tuesday, Tampa Republican James Grant found out why...
Miami-Based Asbestos Firm Files Tortious Interference Lawsuit A Miami-Based Law Firm that typically specializes in Asbestos Litigation has Filed a Lawsuit against a Former Client and his South Carolina Attorney for...
Olympus Insurance Company (Olympus), a leading Florida homeowners insurer, announced that insurance ratings agency Demotech has reaffirmed its current “A Exceptional” Financial Stability...
Blaming Claims Abuses, Property Insurers Seek Steep Rate Increases Some of the largest Insurance Companies in South Florida are seeking Rate Hikes again, and Homeowners are due for some nasty surprises at Renewal Time....
House Version of Claims Reform Bill Omits One-Way Attorney Fee Ban A New House Bill aims to reduce costly litigation against Insurers by forcing Benefits Assignees to risk paying Insurers’ Attorneys’ Fees...
Demotech Promises Ratings Action By March 16, 2017 In a Press Release below issued yesterday, Demotech, Inc. advised that it will issue its anticipated Affirmations, Additional Information and Ratings Downgrades no...
In the press release below issued today, March 7, 2017, Demotech, Inc. advised that it will issue its anticipated affirmations, additional information and ratings downgrades no later than March 16, 2017....