Southern Fidelity Insurance Company, the Florida focused primary insurance carrier that counts investment...
Southern Fidelity may wind-down after failing to secure reinsurance, losing rating
Southern Fidelity Insurance Company, the Florida focused primary insurance carrier that counts investment manager Hudson Structured Capital Management...
Southern Fidelity Insurance Company, the Florida focused primary insurance carrier that counts investment manager Hudson Structured Capital Management...
Article / 21 days ago
Opinion: Florida renewals close some gaps, but others remain to be bridged
A panicky Florida reinsurance renewal season is drawing to a close that has so far felled fewer insurers than was previously feared, but has exposed a gulf in risk appetite which cannot easily be bridged...
A panicky Florida reinsurance renewal season is drawing to a close that has so far felled fewer insurers than was previously feared, but has exposed a gulf in risk appetite which cannot easily be bridged...
Article / 21 days ago
Tropical storm could be ‘final straw’ for some as 8 June Demotech deadline looms
With parts of Florida under a tropical storm warning, Demotech president Joe Petrelli has warned that an early season event could be the "final straw" for some carriers seeking to retain their A financial stability rating (FSR) with the firm.
With parts of Florida under a tropical storm warning, Demotech president Joe Petrelli has warned that an early season event could be the "final straw" for some carriers seeking to retain their A financial stability rating (FSR) with the firm.
Article / 23 days ago
Florida property insurance legislation "inadequate", says Demotech’s Petrelli
In an exclusive interview with Artemis, Joseph Petrelli, President and Co-Founder of rating agency and consultant Demotech, Inc. explained...
In an exclusive interview with Artemis, Joseph Petrelli, President and Co-Founder of rating agency and consultant Demotech, Inc. explained...
Article / 30 days ago
Demotech warns on FL coverage gaps but will not ease reinsurance requirements
Demotech has said it will not lower its minimum reinsurance requirements despite the likelihood of major holes in the cat programs of a significant number...
Demotech has said it will not lower its minimum reinsurance requirements despite the likelihood of major holes in the cat programs of a significant number...
Article / 1 month ago
FedNat has "substantial doubt" it can continue as a going concern
Following its recent ratings downgrade, U.S. primary insurance carrier group FedNat has admitted there is substantial doubt over its ability to continue...
Following its recent ratings downgrade, U.S. primary insurance carrier group FedNat has admitted there is substantial doubt over its ability to continue...
Article / 2 months ago
Future of another Fla. homeowners insurer in jeopardy after ratings downgrade
Demotech confirmed that it downgraded FedNat Holding's financial stability rating to S, Substantial, from A, Exceptional, after conducting a year-end review...
Demotech confirmed that it downgraded FedNat Holding's financial stability rating to S, Substantial, from A, Exceptional, after conducting a year-end review...
Article / 2 months ago
FedNat downgraded, posing another threat to Florida's insurance ecosystem
U.S. primary insurance carrier group, FedNat Holding Company, had its main insurer entity, FedNat Insurance Company, downgraded on Friday, after Demotech...
U.S. primary insurance carrier group, FedNat Holding Company, had its main insurer entity, FedNat Insurance Company, downgraded on Friday, after Demotech...
Article / 2 months ago
Florida homeowners' market falters as more ratings hang in balance
With options dwindling for a special legislative session and the reinsurance renewal cycle in full swing, carriers and consumers in the Florida homeowners’ market...
With options dwindling for a special legislative session and the reinsurance renewal cycle in full swing, carriers and consumers in the Florida homeowners’ market...
Article / 3 months ago
Demotech affirms two Florida carriers’ ratings, bringing total to 29
Demotech has affirmed its ratings on a total of 29 carriers in Florida, leaving about a dozen still waiting for ratings...
Demotech has affirmed its ratings on a total of 29 carriers in Florida, leaving about a dozen still waiting for ratings...
Article / 3 months ago