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Demotech Update: Good News

Demotech Update: Good News

Many of the homeowner insurance carriers in Florida that are Demotech rated for financial stability have recently gone through a rigorous review of their ability to survive financially in the Florida climate. Several of those insurers just received the good news that their financial ratings were affirmed (meaning no change) by Demotech, one of the most popular entities for evaluation of Florida property insurers. While this is good news, there is a strong word of caution. While the ratings have been affirmed, many of these carriers have had to take drastic actions to maintain those ratings including large rate increases in premiums charged and non-renewals of policies in areas affected by larger than expected losses. Carriers that do not appear on this list may instead be rated by A.M. Best ( or were omitted for various reasons. To get the most up-to-date information on these rate filings, please visit Demotech's website (

These carriers affirmed their A (Exceptional) rating by Demotech between March 18th and March 23rd:

  • American Integrity Insurance Co of FL
  • Amercian Traditions Insurance Company
  • Bankers Insurance Company
  • Capitol Preferred Insurance Co
  • Edison Insurance Company
  • FedNat Insurance Company
  • First Community Insurance Company
  • Florida Peninsula Insurance Company
  • First Protective Insurance Company
  • Gulfstream Property and Casualty Ins Co
  • Heritage Property and Casualty Ins Co
  • Homeowners Choice Property and Casualty
  • Monarch National Insurance Company
  • Olympus Insurance Company
  • People‚Äôs Trust Insurance Company
  • Safe Harbor Insurance Company
  • Security First Insurance Company
  • Southern Fidelity Insurance Company
  • Southern Oak Insurance Company
  • St. Johns Insurance Company
  • Stillwater Insurance Company
  • Stillwater Property and Casualty Insurance Co
  • Tower Hill Preferred Insurance Company
  • Tower Hill Prime Insurance Company
  • TypTap Insurance Company
  • United Property and Casualty Ins Co
  • Universal Insurance Co of North America
  • Universal Property and Casualty Ins Co
  • US Coastal Property and Casualty Ins
  • Weston Insurance Company

As of the writing of this blog the following carriers have A (Exceptional) ratings by Demotech that have yet to be affirmed:

  • Avatar Property & Casualty Insurance Co (Last affirmed 12/3/2019)
  • Cypress Property and Casualty Insurance Co (Last affirmed 12/3/2019)
  • Omega Insurance Company (Last affirmed 12/3/2019)
  • Prepared Insurance Company (Last affirmed 6/27/2019)
  • Safepoint Insurance Company (Last affirmed 12/4/2019)
  • Tower Hill Select Insurance Company (Last affirmed 12/3/2019)
  • Tower Hill Signature Insurance Company (Last affirmed 12/3/2019)
If you would like to compare your current insurance policy or you would like to get more information about the financial rating of your carrier compared to others, please click here.