After the voluntary moratorium on rate increases ended three companies, St. John’s, USAA and Atlantic Mutual filed requests to increase their homeowner’s rates. Florida Office of Insurance Regulation records show 11 insurance companies have raised their homeowner’s rates an average of 15 percent since the last hurricane season.
The rate hike request for USAA, the state’s fifth largest insurer, ranges up to a 33.4 percent increase for Monroe County.
The state Office of Insurance Regulation has 90 days to approve or reject the rate hike requests.
Was this article valuable?
Here are more articles you may enjoy.
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
GEICO Responds After Error Sent Cancellation Notices to Florida Drivers 
AIG Underwriting Income More Than Triples in Q1 
California Taking Action Against State Farm Over LA Wildfire Claims From This Issue
