Florida Politics - Campaigns & Elections. Lobbying & Government.

Michael MolineOctober 16, 2018

Hermine — $139 million. Matthew — $1.2 billion. Irma — 10.4 billion. Michael — who knows at this stage, but last week’s Category 4 hurricane, the most powerful storm to hit the Florida Panhandle in recorded history, will wind up costing the insurance companies plenty. Still, Florida’s industry — uniquely dominated by smaller players since […]

Michael MolineMarch 17, 2017

Most of the 57 insurance companies evaluated by insurance ratings agency Demotech Inc. retained scores of “A” or better after boosting their loss reserves and capital contributions. The companies had added $200 million in loss reserves and $155 million in capital at Demotech’s urging, the agency said in a statement posted on its website. “This […]

Michael MolineFebruary 24, 2017

Sen. Kevin Rader is asking Gov. Rick Scott to investigate whether Tallahassee lobbyist Lisa Miller posed as a “concerned citizen” to mislead participants in a conference call with a company that rates Florida insurers. “I know you understand that matters such as these must be completely in the sunshine and all principals must play by the rules. […]

Michael MolineFebruary 16, 2017

Who is Mary Beth Wilson? That question buzzed around the lobbying shops on or near Tallahassee’s Adams Street after a blog post by a widely respected lobbyist accused a lobbyist for Demotech Inc. of posing as that “concerned citizen” to praise the ratings agency during a conference call. The post said “most industry professionals” believe […]

Staff ReportsFebruary 15, 2017

The prospect that a national rating firm might downgrade Florida insurance companies because of rising costs linked to assignment of benefits agreements has lit a fire under advocates of reforming those contracts. “This issue is having a real effect on the pocketbooks of working Floridians and it’s time we take steps to clean up the […]

Tag: Demotech Inc.

Demotech’s Joseph Petrelli says insurers can cover Hurricane Michael claims

Most Florida insurers retain ratings, but agency warns of AOB danger

Senator seeks probe into whether lobbyist Lisa Miller posed as ‘concerned citizen’ during call

Lobbyist’s blog post gets tongues flapping among Tallahassee’s lobbyist set

Drive for assignment of benefits reform picks up steam