Possible Demotech downgrades spark effort to bolster Florida insurance

Possible Demotech downgrades spark effort to bolster Florida insurance

Florida insurance regulators are taking an “unprecedented” and “extraordinary” step to try and prevent tens of thousands of homeowners from being forced to look for new property insurance coverage if rating agency Demotech follows through on plans to downgrade many Florida carriers. The Florida Office of Insurance Regulation announced a plan Wednesday to provide companies that are downgraded …

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