The Florida Office of Insurance Regulation disapproved a rate increase filing submitted by United Services Automobile Association, USAA Casualty Insurance Co. and USAA General Indemnity Co.
As a result of the disapproval, the OIR canceled an Oct. 9 public hearing.
In their July 30 filing, the insurers proposed a 53.9 percent statewide average increase in homeowners insurance rates.
Florida regulators determined that USAA’s filings were incomplete and were not certified as required by state law.
In a letter sent to the insurers last week, OIR advised that the filing was disapproved and required to be re-filed with the correct certification in place by company officers.
Source: Florida Office of Insurance Regulation
Topics Florida Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
What Analysts Are Saying About the 2026 P/C Insurance Market 
