Weston Insurance
Insurance · Florida, United States · 51-200 Employees
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Overview
Headquarters
PO Box 142057, Coral Gables, Florida, 33...Phone Number
(305) 489-8152Website
www.weston-ins.comRevenue
$6.4 MillionIndustry
ZI Rank: 1
Signal Type
Jan
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ZI Rank
1
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About Weston Insurance
Weston Property & Casualty Insurance Company is currently in receivership and undergoing liquidation due to insolvency as determined by the Florida Office of Insurance Regulation. The company was placed in receivership by the Second Judicial Circuit Court of Leon County, Florida, with the Department of Financial Services appointed as Receiver. CANTILO & BENNETT, L.L.P. serves as the Special Deputy Receiver to manage the liquidation process. As a result, Weston is no longer actively providing insurance products or services to clients.Explore more
Weston Insurance Org Chart
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Company Profile Activity
Activity Insights
Weston Insurance is experiencing very low activity levels compared to other companies in the Insurance sector.
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Weston Insurance is drawing exceptional interest within the Insurance industry, suggesting notable developments or strong market momentum, learn more about Weston Insurance.
Weston Insurance financials insights
Gather financial insights about Weston Insurance, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2013
Private Equity
$24.7M
2014
Unspecified
$7.5M
2016
Unspecified
$7.5M
2020
Debt
$350K
Weston Insurance Tech Stack
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Most Recent Scoops
Pain Point
Bankruptcy
Open Position
Left Company
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Weston Insurance News & Media
AM Best Withdraws Credit Ratings of Weston Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Weston Insurance Company (Weston) (Coral Gables, FL). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Weston’s balance sheet strength, which AM Best categorizes as adequate, as wAM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Weston Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Weston Insurance Company (Weston) (Coral Gables, FL). The outlook assigned to these Credit Ratings (ratings) is negative. The ratings reflect Weston’s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and approprAM Best Maintains Under Review With Negative Implications Status for Credit Ratings of Weston Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Weston Insurance Company (Weston) (Coral Gables, FL). Weston remaining under review with negative implications is reflective of the execution risk associated with management’s revised plans to reduce financial leverage at the ultimate parent, Weston Insurance Holdings Corporation. Weston’s CreditDemotech Assigns Financial Stability Rating® to Weston Insurance Company and Anchor Specialty Insurance Company
COLUMBUS, Ohio, June 23, 2020 /PRNewswire/ -- Demotech, Inc. has assigned Financial Stability Ratings® (FSRs) of A, Exceptional, to Weston Insurance Company and Anchor Specialty Insurance Company. FSRs summarize Demotech's opinion of the financial stability of an insurer regardless of...
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Frequently Asked Questions Regarding Weston Insurance
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Weston Property & Casualty Insurance Company is currently in receivership and undergoing liquidation due to insolvency as determined by the Florida Office of Insurance Regulation. The company was placed in receivership by the Second Judicial Circuit Court of Leon County, Florida, with the Department of Financial Services appointed as Receiver. CANT... Read More
