Florida’s Citizens No Longer ‘Out of Control,’ Says Exec Defending Rate Cut September 2, 2014 By Michael Adams Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report January 21, 2014 By Michael Adams Florida’s top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates...
Florida to Report on Effect of Reinsurance Savings on Homeowners’ Rates October 30, 2013 Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings...
After Years of Increases, Florida Property Insurance Rates May Be Stabilizing May 29, 2013 By Gary Fineout It’s been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the...
Florida Lawmakers Ponder More Pricing Freedom for Property Insurer Citizens December 6, 2012 Some Florida legislators said this week they would consider giving the state’s largest property insurer more control over its rates,...
Florida OKs Allstate’s Castle Key Rate Increases November 21, 2012 By Michael Adams Florida regulators have approved a statewide average rate increase of 14.9 percent for Allstate ‘s Florida unit, Castle Key Insurance...
Florida Approves State Farm 6.4% Homeowners Rate Increase September 28, 2012 By Michael Adams Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s...
State Farm Seeks 14.9% Jump in Florida Property Insurance Rates June 28, 2012 By Michael Adams Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a...
Florida’s Citizens Defends Plan to Consider Higher Rates on New Business May 18, 2012 By Michael Adams Facing protests from consumers and state officials, Florida’s state-run homeowners insurer has found itself defending a proposal to increase rates...