Demotech withdraws 2 extra Florida insurance coverage firm scores

TAMPA BAY, Fla. — Two extra Florida property insurance coverage firms misplaced their monetary stability scores from Demotech Wednesday.

The state’s ranking company, Demotech, withdrew scores from Bankers Specialty Insurance coverage And First Group Insurance coverage, each of that are beneath the umbrella firm of Bankers Insurance coverage Group primarily based in St Petersburg.

They closed new enterprise in June and introduced final week that they had been pulling out of the Florida owners insurance coverage market altogether, stating in a press launch:

“Latest legislative measures, sadly, did not adequately deal with the speedy monetary challenges confronted by property and

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