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Florida budgets $1.5 million in hopes of finding better options for rating home insurers

Por: WPTV Business October 11, 2022

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WEST PALM BEACH, Fla. — Demotech is a company with a major influence in the home insurance market.There was some panic this past summer when there was speculation that Demotech might downgrade ratings for more than two dozen insurance carriers.Now, state legislators have budgeted more than $1 million to find other options for rating Florida insurers.However, some believe this won't stop insurers from dropping customers or going... + full article



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