questioned Demotech and warned that widespread downgrades could affect homeowners across the state. Patronis sharply criticized Demotech in letters to leaders of Fannie Mae, Freddie Mac and the Federal Housing Finance Agency.
At the time, Altmaier said “approximately 17” property insurers could be affected — a number that has been repeatedly used. But Petrelli disputes that Demotech threatened to downgrade 17 companies. “In July 2022, we utilized the same process that we had in place in FL every quarter since 1996,” he wrote. “This was the only time in 26 years that anything like this has occurred.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wages remain low in Florida - Jacksonville Business JournalMedian wages remained among the lowest in the country.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Shaq is bringing his Big Chicken franchise to Florida, other markets - Jacksonville Business JournalWhile there's no plans for Jacksonville yet, see where you can get a taste of foods from Shaq's childhood.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
ServPro of Arlington buys Cassat Avenue building in Jacksonville - Jacksonville Business JournalThe 32,000-square-foot building was previously occupied by Beauty Max.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
What shifting migration patterns mean for small businesses - Jacksonville Business JournalThe Covid-19 pandemic accelerated and shook up several migration patterns, sending millions of dollars and thousands of people to new places. Experts say the small businesses that can capitalize on the trend will put themselves in prime position for the post-pandemic world, but it won't be easy.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Crane Watch: Apartment construction, Nemours' renovation leads this week's permits - Jacksonville Business JournalApproximately $116 million of work was approved across 726 permits for the week starting Sept. 5.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
The List: First Coast's largest litigation law firms - Jacksonville Business JournalHere are the First Coast's largest litigation law firms.
Source: JaxBizJournal - 🏆 599. / 51 Read more »