Royal Palm Insurance Co. is having a hearing before the Florida Office of Insurance Regulation to discuss its proposed rate hike for its dwelling/fire line of insurance.
Royal Palm’s proposed, statewide average, rate level increase is 21.7 percent, however that could vary by area, according to the OIR.
Royal Palm, which writes exclusively in Florida, is the state’s 11th largest insurer, with 114,000 policies.
The hearing is to be held Aug. 5, at 1 p.m., in the Senate Office Building in Tallahassee.
Topics Carriers Florida Homeowners
Was this article valuable?
Here are more articles you may enjoy.
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
Oil Tankers Go Dark to Sneak More Barrels of Oil Through Hormuz 
Artist Suing FIFA Over Destruction of Dallas Whale Mural 
