Florida’s hurricane insurers are on strong financial footing

Jun 28, 2018

We appreciate the Herald’s efforts to educate its readers on the financial health of the state’s home insurers (“Now is the time to evaluate your hurricane insurance. It isn’t as simple as you think,” June 18). However, the story is based on a press release by Weiss Ratings, an organization that markets high-priced investment newsletters with emails titled, for example, “The Secret Pattern that Could Predict the Next Crash.”

Its opinions are not recognized by Fannie Mae, Freddie Mac or the U.S. Department of Housing and Urban Development — and certainly not by the insurance industry — because they fail to consider the rigorous reinsurance programs purchased by insurance carriers. A.M. Best and Demotech are more widely recognized as qualified insurance company ratings agencies.

Read more at the Miami Herald