Demotech: potential Gulfstream investor stepped away after 2021 storms

IM-Gulfstream-Demotech-FLOIR-Florida-MAP

Demotech pulled its rating on Gulfstream Property and Casualty Company after a potential new investor walked away from the Florida-based homeowners specialist as it became clear that a string of 2021 loss events would require a bigger capital infusion than initially estimated, The Insurer can reveal.

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