Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech
Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning and boosted their claims reserves and policyholder surplus. The Insurance Journal article notes that the ratings firm said it is also monitoring three insurers — Prepared, Mount Beacon and Elements— that have…