Hearing on Florida Peninsula Rate Hikes Today

November 16, 2010

Florida insurance regulators today will review proposed rate increases for one of the state’s largest property insurers.

Florida Peninsula Insurance Co., ranked seventh largest property insurer, is seeking rate increases ranging from 3.3 percent to 19.5 percent.

The Office of Insurance Regulation has scheduled a hearing for this morning in Tallahassee.

The Florida Peninsula Insurance Co. rate requests break out as follows:

  • Homeowners Preferred (ex-sinkhole): 17.8 percent
  • Homeowners Elite (ex-sinkhole): 19.5 percent
  • Homeowners Preferred (sinkhole): 3.3 percent
  • Homeowners Elite (sinkhole): 5.4 percent

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