Florida carriers escape Demotech cuts below A for now

Demotech has not downgraded any of the Florida insurers it rates
below the crucial A level as at-risk carriers responded with
capital injections, reserve additions and M&A transactions.
But the ratings company warned today that without
"meaningful improvement" in the assignment of benefits
(AOB) situation in the Sunshine State, insurers will likely face
future downgrades.
Meanwhile, consumers may face higher and frequent rate increases
and investors may deploy capital elsewhere, rather than