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Florida's insurance commissioner claims there are discrepancies between Demotech's recent decisions and its published rating methodology.
Southern Fidelity, which has 78,000 policies in Florida, had failed to secure reinsurance for the 2022 hurricane season.
Lighthouse told agents in February that it would stop writing new business in Florida, where it has around 27,000 policies.
As legislators fail, insolvencies mount, capacity grows tighter, and agents' jobs get increasingly tougher in the Sunshine State.
State politicians said property insurance changes made last year need to be given more time before they are reflected in rates.
The move provides coverage continuity for nearly 150,000 policyholders and voluntary appointments to more than 2,700 agents.
News from Demotech, Global Risk Solutions, Cinch Home Services and more.
News from Skuld, Mercury Insurance, MarshBerry and more.
News from Waffle, Coalition, Vertafore and more.
After back-to-back-to-back hurricanes a decade ago, many insurers fled Florida, leaving homeowners with a few, expensive choices. Today, the market is much healthier, competitive and homegrown.