Floridians act to avert Demotech downgrades

Around half a dozen Florida homeowners' insurers are taking
action to shore up their capital and surplus position ahead of
submitting their final 2016 financial results, according to
Demotech.
The carriers are responding to thethreat of a downgrade below the crucial A rating by the firm
after it pulled guidance on the sector in Florida, citing a changed
operating environment in the state, primarily because of the
assignment of benefits (AOB) crisis and adverse judicial
rulings.
Demotech offered