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2. The great Demotech scare of 2022: a catalyst for change in ...

   www.aol.com/finance/great-demotech-scare-2022...

   In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial rating firm, created panic in ...

3. Citizens Property Insurance Corporation - Wikipedia

   en.wikipedia.org/wiki/Citizens_Property...

   New insurance companies in Florida must be approved by the Office of Insurance Regulation (OIR), which reviews the firm's business plan, projections and financial condition. The judgment of the OIR has been questioned because six of the 18 companies licensed to write "takeout" policies between 2007 and 2011 failed, even though Florida had no ...

4. These 7 Florida insurance companies OK'd for 168K Citizens ...

   www.aol.com/7-florida-insurance-companies-okd...

   Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...

5. Is Florida Finally Fixing Its Broken Homeowners Insurance Market?

   www.aol.com/news/florida-finally-fixing-broken...

   Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...

6. Can lawmakers save the collapsing Florida home insurance market?

   www.aol.com/finance/lawmakers-save-collapsing...

   The Florida OIR established a reinsurance fund through its last-resort insurer, Citizens. This means that if an insurance company’s financial strength rating is downgraded below the ‘A ...

7. Florida property insurance is getting more expensive. Status ...

   www.aol.com/florida-property-insurance-getting...

   Florida is not alone when it comes to property insurance. One in 13 homeowners across the U.S. are uninsured, according to a recent study by the Consumer Federation of America. That's a little ...