Praetorian Insurance News

Praetorian Offers to Lower Florida Forced-Placement Rates by 18.8%

A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, despite the fact that state regulators said the rate decrease should be double that amount. Praetorian Insurance Co. …

Florida Says 36% Cut in Forced Place Insurance Rate Justified

Praetorian Insurance Co. is facing up to a 36 percent rate reduction for Florida homeowners. Florida Insurance Commissioner Kevin McCarty on Friday announced his intent to disapprove a company proposal for a 2.2 percent decrease. McCarty said his Office of …