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Demotech Joins Call for Florida Special Session; AM Best Downgrades Farm Bureau
The Demotech rating agency has joined the relatively small variety of voices calling for a special session of the Florida Legislature to enact changes that insurers hope will help curtail fraudulent roof claims, deter excessive litigation and address other needs. In a letter last week to Gov. Ron DeSantis and legislative leaders, Demotech President Joe […]
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Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida’s top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that they are going to soon be downgraded.Demotech President Joe Petrelli said Thursday evening that the Florida insurance commissioner, the state’s chief financial officer and the FAIA had misconstrued […]