Florida downgrade threat lingers despite Demotech reprieve

There was relief for Florida's smaller homeowners insurers
after Demotech confirmed last night it had downgraded just one
company, with none of the 57 entities it rates in the sector
slipping below the crucial A range.
But the reprieve may be temporary, as the agency warned that
without "meaningful improvement" in the assignment of
benefits (AOB) situation in the Sunshine State, its carriers will
likely face future downgrades.
In early February, Demotech pulled its guidance on the Florida
market