November 22, 2023
Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company. The policies assumed amount to approximately $196 million of in-force premium. The insurer said the assumption, which was effective …
November 20, 2023
AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Co. and its fully reinsured subsidiary, Florida Farm Bureau …
July 9, 2020
The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact coverage availability and affordability in the state. These headwinds, according to a …
June 22, 2016
Vertafore, a provider of insurance technology, has added several new homeowner carriers to their flagship comparative rating system PL Rating, expanding the company’s reach into the Florida property market. Since its acquisition of QQSolutions, a Florida-based agency management system and …