Since I have always only written commercial coverages, could someone advise me if there are ANY AM Best rated standard markets for homeowners coverage for the state of Florida? I personally have had no choice other than Citizens for my own home.
Depends on the location and age of the home. But ASI is A-Rated by AM Best, Bankers is B, and Florida Family is B++. I think Florida Farm Bureau still writes selectively.
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Thanks to the Florida OIR another one bites the dust and Crist still states he will Veto any insurance bill that raises rates.
Citizens better hire more staff.
Hmm….
This agent will stop writing home insurance if Citizens is the only option.
Latest report was that the insurer was below the minimum capital and surplus but was positive. Should be a soft landing for all concerned.
If we rewrite our Northern Capital customers prior to the 5/30 deadline, are they still subject to the $100 FIGA deductible for liquidated carriers?
You can count on it. Same was true when Keystone failed.
Since I have always only written commercial coverages, could someone advise me if there are ANY AM Best rated standard markets for homeowners coverage for the state of Florida? I personally have had no choice other than Citizens for my own home.
who audited these companies?
Ok, so rewriting them all right now will not save them the $100?
We didn’t have many American Keystone policies so I wasn’t sure. Fortunately, we have less than two dozen Northern Capital policies.
Now if Olympus goes down….boom goes the dynamite.
Depends on the location and age of the home. But ASI is A-Rated by AM Best, Bankers is B, and Florida Family is B++. I think Florida Farm Bureau still writes selectively.