November 25, 2024
Florida Insurance Commissioner Mike Yaworsky is affirming that Florida’s property insurance market is stable, as demonstrated by the recent rating upgrades for three Florida special tax bonds. Moody’s Ratings recently upgraded ratings for several Florida assessment-backed special tax bonds, including Florida’s Hurricane Catastrophe Fund, Citizen’s Property Insurance Corporation and the Florida Insurance Guaranty Association.
TALLAHASSEE, Fla.— Florida Insurance Commissioner Mike Yaworsky is affirming that Florida’s property insurance market is stable, as demonstrated by the recent rating upgrades for three Florida special tax bonds. Moody’s Ratings recently upgraded ratings for several Florida assessment-backed special tax bonds, including Florida’s Hurricane Catastrophe Fund, Citizen’s Property Insurance Corporation and the Florida Insurance Guaranty Association.
Insurance Commissioner Mike Yaworsky said, “These recent upgrades continue to show that Florida’s insurance market is maintaining stability. Even with Florida’s unpredictable weather, a major bond rating agency agrees that several of Florida’s tax bonds are strong and have ample capacity to cover claims.”
Source: Florida Office of Insurance Regulation
https://floir.com/newsroom/archives/item-details/2024/11/25/commissioner-mike-yaworsky-highlights-rating-upgrades-for-several-tax-bonds-underscoring-the-market-is-stable
