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Florida Rejects Farm Bureau 30% Property Insurance Rate Hike Again

Southeast News • July 2, 2008
Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm ...

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Subject: Rate hike (or the lack thereof)

Posted On: July 2, 2008, 1:07 pm CDT
Posted By: Sunflower
Comment:
What strikes me as odd about this is that Farm Bureau reduced its rates by an average of 24.9% in 6/07, but on 5/07, they request an increase of 30.3 percent. I presume IJ meant 5/08 & not 5/07. This makes no sense given the fact that there were no real hurricanes in FL in 2007.

Don't carriers have to back up with documentation the reason for the requested increase? Or, is this carrier anticipating an active hurricane season and they are getting prepared?
Subject Posted By Posted On
RE: Something Else to Consider Chuck
Jul 2, 2008, 7:47 pm
Something Else to Consider ad
Jul 2, 2008, 3:36 pm
RE: Rate hike (or the lack thereof) Hola
Jul 2, 2008, 3:24 pm
Rate hike (or the lack thereof) Sunflower
Jul 2, 2008, 1:07 pm
How about? - Your Cancelled! Sam
Jul 2, 2008, 12:20 pm
Government Intervention tiger
Jul 2, 2008, 11:58 am
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