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.
Topics Homeowners
Was this article valuable?
Here are more articles you may enjoy.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
How State Farm, USAA Boost Customer Retention: Historic Dividends From This Issue
