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State Eyes Shift on Property Insurer Ratings
The ratings issue has come at a turbulent time in Florida's property-insurance market, as carriers have shed policies and sought large rate increases because of financial losses.
Florida's Temporary Reinsurance Program
An overview of Florida's temporary reinsurance program in response to ratings downgrades.
United P&C Plans to Withdraw from Four States, Including Texas
The company received notice from Demotech of its intention to withdraw the insurer's financial stability rating.
Property Insurer to Exit Florida Market
The news release said Demotech has notified United Property & Casualty that it will withdraw the insurer's rating. Rating withdrawals have been precursors to some insurers being declared insolvent and placed into receivership.
United P&C Plans to Withdraw from Four States
The company received notice from Demotech of its intention to withdraw the insurer's financial stability rating.
US Mortgage Lenders Starting to Go Broke as Rates Spike
Market watchers expect a string of bankruptcies broad enough to trigger a jump in layoffs in an industry that employs hundreds of thousands of workers.
Housing Sentiment Sinks to Lowest in More Than Decade
Sentiment hasn't been as bad since the post-global financial crisis era, when home values plunged as borrowers struggled to make payments, leaving millions facing foreclosure.
State Seeks Receivership for Insolvent Insurer
The filing listed a series of issues, including saying that the insurer's "assets if made immediately available are insufficient to pay all of its liabilities."
Florida Stopgap Program Gets First Insurer After Demotech Downgrade
United Property & Casualty Insurance Co. was one of three insurers downgraded by the Demotech ratings agency amid widespread financial troubles in the state's property-insurance market.
Florida Stopgap Program Gets First Insurer After Downgrade
United Property & Casualty Insurance Co. was one of three insurers downgraded by the Demotech ratings agency amid widespread financial troubles in the state's property-insurance market.TRENDING STORIES
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