In December 2019, Joe Petrelli of Demotech, Inc. sent a letter of Barry Gilway of Citizens Property Insurance Corporation describing several concerns with Florida’s residential property insurance market. Petrelli mentioned that several insurers could see downgrades to their Financial Stability Ratings. He acknowledged that last year’s assignment of benefits (AOB) reforms might be beneficial later. […]
The Florida Association for Insurance Reform (FAIR) presented its Founder’s Award to Joe Petrelli and Sharon Romano of Demotech, Inc. FAIR is a non-profit educational organization that educates consumers and industry stakeholders about issues involving insurance public policy. The 2015 FAIR awards banquet provided an opportunity to reflect on the history of the Florida insurance […]