Cincinnati Indemnity Co. and Cincinnati Insurance Co. have joined the list of Florida home insurers asking the Florida Office of Insurance Regulation for permission to raise premiums by as much as 37 percent, statewide.
About 15,000 Florida policyholders would be affected by the request. The biggest increase would be in St. Johns County in northeast Florida.
A hearing on the request has been scheduled by the OIR June 22 in Sarasota, an area in which a large number of its policyholders reside.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
FEMA’s New Flood Maps Means More Homes Require Flood Insurance: Cotality 
Banks Warn AI Shopping Bots Raise Scam, Fraud and Data-Privacy Risks 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index 
