Is your insurance cancelled or is your insurance non-renewed? Maybe it’s not cancelled yet, but you’ve gotten the notice from the company in advance. First, I’m sorry to hear that. I know it can be stressful, especially when you had everything already set up previously. You probably have some questions: Why is this happening? Can […]
St. Johns Insurance News
St. Johns Insurance Company is now insolvent and set to be liquidated. This news came at the end of February, and was the 5th company to become insolvent since 2019 joining Florida Specialty Insurance Co, Windhaven Insurance Co, American Capital Assurance Corp, Gulfstream Property and Casualty. (Shortly after the St. Johns Insurance announcement, Avatar Insurance […]
Avatar Insurance News
Avatar Insurance or Avatar Property & Casualty Insurance Co. is the second Florida carrier facing insolvency this year. Avatar announced that it would no longer write new policies in mid-February. Soon after, Demotech withdrew its financial stability rating. This is a very bad sign for an insurer, as most mortgage lenders require an A-rating to […]