We're pleased to present Gallagher Re's Florida Market Watch Report for 2023 year end...
How should insurers prepare for ESG rating agency regulation
As the U.K. government looks to regulate agencies providing ESG scores, taking a proactive approach could be key to long-term success...
As the U.K. government looks to regulate agencies providing ESG scores, taking a proactive approach could be key to long-term success...
Article / 3 months ago
NAIC Weighs Overriding Credit-Rating Companies
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies....
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance companies....
Article / 8 months ago
Florida DFS polls carriers over Demotech alternatives
Florida's Department of Financial Services (DFS) is in the process of surveying homeowners carriers over potential alternatives to Demotech, including...
Florida's Department of Financial Services (DFS) is in the process of surveying homeowners carriers over potential alternatives to Demotech, including...
Article / 1 year ago
State Support Mitigates Chinese Issuers’ Physical Climate Risk Exposure
The potential for an increase in natural disasters as a result of extreme climate phenomena will remain high in China, but government support should mitigate the negative credit impact on issuers’ profiles...
The potential for an increase in natural disasters as a result of extreme climate phenomena will remain high in China, but government support should mitigate the negative credit impact on issuers’ profiles...
Article / 2 years ago
Judge’s Order: Credit Scoring Ban Finito In State of Washington
Earlier this week, Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning...
Earlier this week, Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning...
Article / 2 years ago
K-ICS to Pressure Korean Insurers’ Capital; Limited Rating Impact
The implementation of the Korean Insurance Capital Standard (K-ICS) starting 2023 is likely to have a limited impact on insurers’ ratings, although the new capital regime...
The implementation of the Korean Insurance Capital Standard (K-ICS) starting 2023 is likely to have a limited impact on insurers’ ratings, although the new capital regime...
Article / 2 years ago
Senator Rubio calls for Florida Federal review of dependence on Demotech
U.S. Senator Marco Rubio (R-FL) has waded into Florida's property insurance crisis, adding to calls for a Federal review of the states dependence on...
U.S. Senator Marco Rubio (R-FL) has waded into Florida's property insurance crisis, adding to calls for a Federal review of the states dependence on...
Article / 2 years ago
Florida insurers to get ratings downgrade reprieve — for now - Florida Politics
'While we are unable to provide a specific date for release, we are working to expedite the release of our ratings as soon as possible.'
'While we are unable to provide a specific date for release, we are working to expedite the release of our ratings as soon as possible.'
floridapolitics.com /
Article / 2 years ago
Inside in Full: Hurricane Demotech: Forced crisis increases chance of second set of reforms
“It’s an execution event,” one source said of last week’s set of letters to 17 Florida insurers from Demotech advising them of a potential downgrade...
“It’s an execution event,” one source said of last week’s set of letters to 17 Florida insurers from Demotech advising them of a potential downgrade...
Article / 2 years ago
Millions of mortgages and insurance agents at risk if Demotech S ratings applied: FAIA
The Florida Association of Insurance Agents (FAIA) has outlined why downgrades to Demotech S ratings are so problematic...
The Florida Association of Insurance Agents (FAIA) has outlined why downgrades to Demotech S ratings are so problematic...
Article / 2 years ago
