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19 August 2017

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Citizens anticipates growth after Demotech downgrades

Lucy Jones 7 March 2017

Florida Citizens Property Insurance is expecting an increase in business as a result of Demotech's warning that local insurers with less than $25mn surplus may be downgraded, according to its chief financial officer Jennifer Montero.

"There is a possibility if there isn't a home for these policies with the downgraded companies, they will come back to Citizens," she said on 28 February during a panel discussion at the Sifma IRLS conference in Miami.

Citizens budgeted for small growth this year...


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This article was published as part of issue March 2017/1

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