Allstate Seeks Double-Digit Home Insurance Hikes in Florida

June 28, 2011

Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million.

Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key Insurance Co. is seeking a 31 percent rate hike. The two companies formerly made up Allstate Floridian Insurance Co.

In 2010, the Florida Office of Insurance Regulation approved an average 18.7 percent rate hike for Castle Key and 17.8 percent rate for Castle Key Indemnity.

Topics Florida Homeowners

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