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Demotech withdraws Gulfstream Property and Casualty's financial stability rating

Demotech withdraws Gulfstream Property and Casualty's financial stability rating
tampabay.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tampabay.com Daily Mail and Mail on Sunday newspapers.

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Court Orders Liquidation of American Capital; Policies to Cancel May 14

Court Orders Liquidation of American Capital; Policies to Cancel May 14
April 22, 2021
The Florida Department of Financial Services, which serves as the receiver for any insurer placed into receivership in Florida, said it was granted a consent order for purposes of liquidation, injunction and notice of automatic stay of AmCap on April 14 by the Second Judicial Court in Leon County, Florida.
According to DFS, under the receivership order, all insurance policies issued by AmCap in effect at the time of the court’s order will be cancelled as of 12:01 am on Friday, May 14, 2021, except for the insurer’s flood policies. Policies with normal expiration dates prior to May 14, or policies which are terminated by the insured or cancelled for non-payment of premium will be cancelled as of their earlier date. ....

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Florida Begins Liquidation of American Capital Assurance; Policies to Cancel May 14

Florida Begins Liquidation of American Capital Assurance; Policies to Cancel May 14
claimsjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from claimsjournal.com Daily Mail and Mail on Sunday newspapers.

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Florida's property insurance market is ailing. There is no quick fix

Updated 2 hours ago
Floridaâs property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price.
Experts say there is no quick fix to the challenges buffeting the industry.
Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industryâs fifth consecutive year of losses in the state and is more than two-and-a-half times what those companies lost in 2019. ....

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Florida's property insurance market is ailing. There is no quick fix

Florida's property insurance market is ailing. There is no quick fix
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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