What's changed at TRUE (Trusted Resource Underwriters Exchange)

Every update we've tracked for TRUE (Trusted Resource Underwriters Exchange), newest first. Each one links to the full note.

  1. Florida approves 31.5% TRUE rate increase

    After a June 17, 2025 public hearing, regulators approved a 31.5% base rate increase on TRUE home policies. It applied to new and renewal business, backdated to April. That is about $1,357 more per policy on average.

  2. AM Best downgrades TRUE to B++ and withdraws rating

    AM Best cut TRUE from A- to B++ after Gallatin Point took control of its attorney in fact. American Family's capital support had ended. AM Best then withdrew the rating at TRUE's request. Demotech later gave an A.

  3. Gallatin Point buys control of TRUE's attorney in fact

    Funds run by Gallatin Point Capital closed a deal to own most of Trusted Resource Underwriters, LLC. American Family kept a minority stake. It stayed on as a service provider. Tony Scavongelli was made CEO.

  4. TRUE licensed in Florida; sales began March 2021

    OIR gave a certificate of authority to the new reciprocal. Orchid Underwriters and Homesite Group (American Family) formed it. TRUE began selling Florida home policies on March 17, 2021. AM Best rated it A- at launch.

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