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AMBest Report Shows Florida Insurers Far Out of Line on Reinsurance Dependency

September 15, 2022

Mango Questions State-Run Ratings Agency Idea

Florida-domiciled property carriers are extremely reliant on the reinsurance market, making them vulnerable to coming price hikes, a just-released report from the AM Best financial rating firm said.

Despite that, AM Best is willing to consider rating more of those Florida insurers as the state grapples with the best way to handle the fallout left after another rating firm, Demotech, this year announced potential downgrades of more than a dozen companies.

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