DFS Rating Agency Alternatives Study Survey

1.Are you a Demotech rated company? If No, please complete Question 2 and respond to applicable questions based on your previous rating experience with Demotech.
2.Did you receive a letter from Demotech after June 1, 2022, suggesting that your company might be downgraded?
3.Are you rated by a different rating agency or more than one rating agency?
4.How long have you been a Demotech rated company? Number of years
5.What is your satisfaction level with Demotech?
6.What are the primary benefits for you to use Demotech as a rating agency over other rating agency options? Select all that apply.
7.Are there any downsides to using Demotech? Select all that apply.
8.What would you suggest Demotech do differently or is there anything you would change? Select all that apply.
9.If you received a letter, did the letter seem final?
10.If you received a letter, did it seem that you were going to have another opportunity to address concerns prior to being downgraded?
11.Did you face any issues obtaining reinsurance for the 2022 hurricane season? Select all that apply.
12.Do you have concerns with Hurricanes Ian and Nicole and whether you will be able to pay all your claims?
13.Do you think you will experience significant adverse loss development over an extended period of time with Hurricane Ian or Nicole?
14.Do you think that the legislation passed in the 2022 Regular Session and in the Special Session in May will benefit your company? Select all that apply.
15.What ideas do you have for future legislation in Florida? Select all that apply.
16.Do you have any other ideas for potential legislative changes that would help solve the current insurance crisis in Florida?
17.What do think about the Florida Department of Financial Services Study to identify an alternative to Demotech? Do you have any ideas or suggestions?
18.What do you think about a State or public rating agency? Select all that apply.
19.Do you have a potential solution to the “rating agency problem” for Florida insurers?
20.Please elaborate on any response above and reference the Question number. Your comments and suggestions are appreciated. Note: Individual company names will not be identified in the results of this survey.
21.Other Comments: