Prior to COVID-19 being thrust into the mix, Demotech concluded that 2020 would not be "business as usual" for
Having been involved in
Absent legislative reforms in 2019, changes in business models and operating plans have been announced by
"Our review and analysis process is consistent with prior periods with adaptation of our process to reflect the emerging impact of COVID-19 as well as the affordability and availability of reinsurance associated with 2020 renewals," said
The carriers in the state are truly performing their best to weather this storm. Support from core reinsurance partners will be critical in this environment along with creating unique risk management solutions and raising reinsurance capacity to optimally manage each carrier's operational and financial needs."
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