After Hurricane Andrew upended the property insurance market, insurers realized that worst-case loss scenarios needed to be accounted for in their rates, reinsurance, capital and surplus. Financial stability ratings like those provided by Demotech became more vital tools for regulators, producers and policyholders to assess the financial condition of an insurer. (Credit: Andrii Yalanskyi/Adobe Stock)
Rating agencies play an important role in insurance policy placement and regulation. The best-known insurance rating agencies are AM Best, Moody, Fitch and Standard & Poors. However, the rating agency that is drawing the most attention these days in the property insurance market, especially in the state of Florida, is Demotech.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
