Four public hearings have been scheduled March 1 in Florida to discuss Nationwide Insurance’s proposed 28.3 percent statewide average rate increase for homeowner’s insurance policies.
Two hearings are scheduled in West Palm Beach on the east coast and two in Pinellas County on the west coast of Florida.
The Florida Administrative Code requires public hearings on rate requests that are more than 25 percent and result in an additional $2 million in premiums.
Topics Trends Florida Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
Business Interruption Claims Approach $1M Average, Says Allianz 
Viewpoint: The ‘Unbundled’ Insurer Emerges in Age of AI as Value Chain Fragments 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
