The Florida Office of Insurance Regulation recently held public hearings on insurance rate increases submitted by First Home Insurance Company (73.4% homeowners; 43.8% dwelling/fire), Metropolitan Casualty Insurance Company (95.7% homeowners), Southern Fidelity Insurance Company (57.3% homeowners; 40.4% for dwellings), and First Community Insurance Company (64.6% dwelling/fire).
The requested rates are not uniform and some areas in the state are subject to higher or lower rate changes. Florida Law requires that the Office hold public hearings on rate filings for statewide average increases exceeding 15 percent.
Tapes of the hearings are available online at www.floir.com under the Hot Topics portion of the website.
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