Page 65 - Mark Friedlander News Today

When it comes to homeowners insurance in Florida, one expert said the market is not at its best level.

Florida's property insurance crisis takes another turn for the worst after banker's insurance will no longer insure Florida Homes.

The property insurance community has divided into two camps after the firestorm that erupted over the potential financial rating downgrades for 17 Florida

The Insurance Information Institute revealed 27 more companies will have their rating lowered, which could put some at the brink of insolvency.

The Insurance Information Institute revealed 27 more companies will have their rating lowered, which could put some at the brink of insolvency.

Demotech has informed 17 property insurance companies that their ratings will be downgraded, that's according to a letter from the Florida Office of Insurance Regulation.

State insurance regulators and the Florida Association of Insurance Agents are outraged over a letter that Ohio-based Demotech, which assigns financial strength ratings to Florida-based insurers, sent to 17 of those insurers telling them that their A rating will be downgraded on July 26. The downgrades threaten to throw the insurance market into turmoil.

The Florida Office of Insurance Regulation wants Demotech to "perform a more comprehensive review" of rating downgrades.

Southern Fidelity Insurance Company is the fourth insurer ordered into liquidation so far this year, leaving an estimated 78,000 policyholders in Florida...

A California appellate court broke from its sister jurisdictions — as well as state and federal courts across the nation — and ruled that a hotel owner's