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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: RE: Rate hike (or the lack thereof)

Posted On: July 2, 2008, 3:24 pm CDT
Posted By: Hola
Comment:
Last summer, the DOI used its magic crystal ball to create a quick estimate of what every insurance company in Florida should decrease their rates by (becuase of the so-called reinsurance savings). Each company was required to make an initial filing that was in line with their estimate, and then was asked to later "true-up" the filing with their own data. That is why Farm Bureau rates went down by so much last year.
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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