Senator Rubio joins calls for FHFA to review Demotech’s ratings
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Senator Rubio joins calls for FHFA to review Demotech’s ratings

Liz Bury
July 28, 2022
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Florida senator Marco Rubio has thrown his weight behind a call by the State of Florida that the Federal Housing Finance Agency (FHFA) review the state insurance market’s dependence on Demotech ratings.

The intervention came at the end of a day in which the Florida Office of Insurance Regulation (Floir) teamed up with state-backed carrier Florida Citizens to form a temporary reinsurance arrangement to support private market carriers – as the...

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