Lighthouse has Demotech ‘A’ rating withdrawn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Lighthouse has Demotech ‘A’ rating withdrawn

Farhin Lilywala
30 March 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Lighthouse Tampa.jpg

Lighthouse Property Insurance and Lighthouse Excalibur Insurance have lost their ‘A’ exceptional ratings from Demotech, as the wider Florida primary market confronts persistent high levels of litigation, loss inflation and rising reinsurance costs.

The ratings were withdrawn after the reports for the full-year 2021 fell short of requirements to maintain them, Joseph Petrelli, president at Demotech said.

"Despite

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFlorida
farhin lilywala/farhin lilywala ii ils.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article