A financial rating from an accredited ratings agency indicates how likely a company will be to have the financial means to meet its commitments. This can help provide the insured, as well as the agent or MGA representing the policyholder, with trust, comfort and confidence in the carrier bearing their risk. (Credit: Pcess609/Adobe Stock) A financial rating from an accredited ratings agency indicates how likely a company will be to have the financial means to meet its commitments. This can help provide the insured, as well as the agent or MGA representing the policyholder, with trust, comfort and confidence in the carrier bearing their risk. (Credit: Pcess609/Adobe Stock)

There has been much talk in recent months about ratings agencies, with Florida insurers struggling to obtain adequate stability ratings. This past summer, ratings agency Demotech Inc. threatened 17 property insurers across Florida with downgrades in their ratings.

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