Florida downgrade threat remains on AOB concerns

Demotech's reprieve of the thinly capitalised Florida
homeowners' sector may only be temporary, as the rating agency
warned that without "meaningful improvement" in the
assignment of benefits (AOB) situation, carriers in the state will
likely face future downgrades.
There was nevertheless relief for the state's smaller
homeowners' insurers after Demotech confirmed last week (16
March) it had downgraded just one company, with none of the 57
entities it rates in the sector slipping below the cruci