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.
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens 
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme 
