Another Florida home insurer loses financial stability rating and could be dissolved

Another Florida home insurer loses financial stability rating and could be dissolved

As promised, insurance financial strength ratings firm Demotech withdrew the financial strength rating of another Florida-based insurer on the day that Gov. Ron DeSantis called a special legislative session without a mandate to consider insurance reforms. Lighthouse Insurance Company, based in Tampa, became the latest company to lose its rating, which will likely mean the company will be liquidated by the state, forcing customers to find new carriers or go to state-owned Citizens Property Insurance Corp.

Leave a Reply

Your email address will not be published. Required fields are marked *