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KBRA Downgrades Financial Strength Ratings of Oregon Mutual Insurance

Nov 21 2024 // KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-.The outlooks for both ratings remain...

KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts

Nov 1 2024 // Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a...

KBRA: Florida Insurers Got Creative in 2023 but Higher Reinsurance, Storms Coming

Dec 13 2023 // Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to...

Freddie Mac Accepts KBRA Ratings, Giving Fla. Agents, Mortgagees More Options

Feb 2 2023 // Freddie Mac, one of two mortgage-buying companies that buttress the U.S. home-lending market, has agreed to accept the Kroll Bond Rating Agency as a rating firm for homeowners’ insurance companies.“We have...

Uncertainty Over Whether Frontline’s KBRA Rating Will Be Accepted by Freddie Mac

Jan 24 2023 // Frontline Insurance Co. has sparked confusion and concern from agents and insureds after the carrier last week sent out differing information about its financial rating agency.The potential good news for agents and...

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