Not that they had an A before but B- now instead of a B is a  pretty big downgrade to their claims paying ability. This is not the best news going into Hurricane season where 125K people are already being dropped and the rest have huge rate increases already. What else can we expect from this company, like more rate increases or another round of non-renewals as well, and how will this be tolerated by our legislator’s in tallahassee?

http://www.insurancejournal.com/news/southeast/2010/08/04/112170.htm