Allstate Floridian Insurance Corp. has filed with the Florida Office of Insurance Regulation with a request for two increases in renter’s and condominium owners insurance rates. One increase will be effective Aug. 15, and a second needs to be reviewed and approved before it takes effect.
Allstate Floridian spokesman Ryan Priest said the company’s condo and renter policyholders will see an average 8.6 percent increase, starting in August. A second increase of about 20 percent statewide must be reviewed and approved by state regulators.
“We’re hoping they would get that done as soon as possible,” Priest said.
Was this article valuable?
Here are more articles you may enjoy.
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
