Demotech Rated Florida Carriers Evolve to Maintain FSRs of A or Better

Columbus, Ohio, April 2, 2020 – Florida focused carriers, including Citizens Property Insurance Corporation, dominate residential property insurance market share in Florida. Of these, at yearend 2019, Demotech reviewed and rated forty-six of them. As the first to review and rate independent, regional and specialty insurers in 1989, this is not surprising. In 1996, the then Department of Insurance (DOI), Government and Industry Relations Division, asked us to review and rate carriers that would depopulate the Florida Residential Property Casualty Joint Underwriting Authority.

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