Demotech News

Demotech Downgrades 3 Carriers in Florida; Regulators Outraged

Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now …

Super Regional P/C Insurer Conference 2017 Announced for C-Suite Carrier Professionals

Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is “Finding Your True …

Risk Retention Groups Grow Despite Underwriting Loss: Demotech

Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to a review of their financial data by actuarial firm Demotech. RRGS continued to grow and improved their combined ratio in …

Circuit Courts Affirm Strict Construction of Flood Insurance Policies

Two recent circuit court decisions affirmed that national flood insurance policies are to be strictly construed and are not subject to the flexible standards applied to private insurance policies. The National Flood Insurance Program (NFIP) was created because the private …