American Property Casualty Insurance Association Issues Statement on Demotech Ratings
January 15, 2020
January 15, 2020
CHICAGO, Illinois, Jan. 15 -- The American Property Casualty Insurance Association issued the following statement by Logan McFaddin, assistant vice president of state government relations, regarding the anticipated downgrades of some Demotech-rated Florida insurance companies from exceptional to substantial ratings:
"A 'substantial' rating, while disappointing, still indicates these companies are well above average in terms of financial stability and are able to continue to ser . . .
"A 'substantial' rating, while disappointing, still indicates these companies are well above average in terms of financial stability and are able to continue to ser . . .