This is not easy to do, but somehow, one of the newer and small Insurance companies of Florida,Magnolia, has lost it’s A rating w/ the Ohio Based rating agency Demotech? Magnolia Insurance Company  had received an A rating in October, but the lack of the new financial plan promised and  the 3rd qtr financials not being delivered caused this sudden action by Demotech. This will cause a service problem as non A rated companies are not accepted by Mortgage companies in Florida. Hopefully this problem will be resolved soon before the mortgage companies find out. Please read the full article below.

http://www.insurancejournal.com/news/southeast/2009/12/07/105778.htm

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