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August 19, 2022 | Daily Business Review

US Mortgage Lenders Starting to Go Broke as Rates Spike

Market watchers expect a string of bankruptcies broad enough to trigger a jump in layoffs in an industry that employs hundreds of thousands of workers.
5 minute read
August 09, 2022 | Daily Business Review

Housing Sentiment Sinks to Lowest in More Than Decade

Sentiment hasn't been as bad since the post-global financial crisis era, when home values plunged as borrowers struggled to make payments, leaving millions facing foreclosure.
3 minute read
August 08, 2022 | Daily Business Review

State Seeks Receivership for Insolvent Insurer

The filing listed a series of issues, including saying that the insurer's "assets if made immediately available are insufficient to pay all of its liabilities."
3 minute read
August 05, 2022 | Insurance Coverage Law Center

Florida Stopgap Program Gets First Insurer After Demotech Downgrade

United Property & Casualty Insurance Co. was one of three insurers downgraded by the Demotech ratings agency amid widespread financial troubles in the state's property-insurance market.
4 minute read
August 03, 2022 | Daily Business Review

Florida Stopgap Program Gets First Insurer After Downgrade

United Property & Casualty Insurance Co. was one of three insurers downgraded by the Demotech ratings agency amid widespread financial troubles in the state's property-insurance market.
4 minute read
August 02, 2022 | Daily Business Review

In Tallahassee, Another Acronym Sparks Acrimony

The latest installment of Ron DeSantis' fight against what he calls "woke" corporations involves an effort to prohibit state investments that use ESG ratings, which can include taking into account impacts of climate change.
6 minute read
July 25, 2022 | Daily Business Review

Florida Insurers Face Ratings Change That Could Raise Costs

Borrowers with insurance backed by companies rated below A could find themselves in default of the terms of their home loans.
2 minute read
July 25, 2022 | Insurance Coverage Law Center

Demotech Warning Could Cause Downgrades for Property Insurers

Florida Chief Financial Officer Jimmy Patronis questioned ratings agency Demotech's methodology and warned that widespread downgrades could affect homeowners across the state.
3 minute read
July 25, 2022 | Insurance Coverage Law Center

The Ups and Downs of Demotech Ratings

An overview of the significance of a ratings downgrade.
4 minute read
July 22, 2022 | Daily Business Review

Property Insurers Could Face Downgrades After Demotech Warning

Florida Chief Financial Officer Jimmy Patronis questioned ratings agency Demotech's methodology and warned that widespread downgrades could affect homeowners across the state.
3 minute read

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