Ratings company Demotech on Monday told insurers that it would not take any downgrade action until further notice, providing at least some temporary relief from tumult in an already volatile industry.

Demotech had indicated in a July 19 letter to at least 17 property insurers that it would publish their Financial Stability Rating downgrades on July 26.

“Due to various circumstances, Demotech will not take any rating action including affirmation, downgrade or withdrawal until further notice,” Demotech president Joe Petrelli wrote in an email to clients on July 25.