Joe Petrelli on Rating Insurance Companies in Florida

Joe Petrelli founded Demotech, the rating agency that dominates the solvency assessment market for Florida's homeowners insurance market. This year (2022) he has found himself the bearer of bad news: that many of Florida's domestic insurance companies have not met Demotech's standards. At least six insurance companies went insolvent this year with others being downgraded, which meant that many thousands of Florida residents have to scramble to get their insurance replaced. I should note that all of this happened before Hurricane Ian, the costliest hurricane to make landfall in Florida's long history of landfalling hurricanes. What's going on in Florida? Joe is here to talk about it!youtube: https://youtu.be/Cd9JpHsjDr8show notes: https://notunreasonable.com/?p=7636More on Florida:Gary Mormino on Social History of Florida: https://www.buzzsprout.com/126848/episodes/11848870Dave DeMott's Stories About Florida Insurance: https://www.buzzsprout.com/126848/episodes/11840226 Mark Friedlander on Problems with Insurance in Florida: https://www.buzzsprout.com/126848/episodes/11582094Twitter: @davecwrightSurprise, It's Insurance mailing listLinkedin Social Science of Insurance Essays