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Lighthouse Insurance, which has policies under Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company, is the third Florida carrier facing insolvency this year. Lighthouse insurance announced that it would no longer write new policies in mid-February. At the end of March, Demotech withdrew its financial stability rating. This is a very bad sign for …
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 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 …
