The Florida Office of Insurance Regulation recently held public hearings on insurance rate increases submitted by First Home Insurance Company (73.4% homeowners; 43.8% dwelling/fire), Metropolitan Casualty Insurance Company (95.7% homeowners), Southern Fidelity Insurance Company (57.3% homeowners; 40.4% for dwellings), and First Community Insurance Company (64.6% dwelling/fire).
The requested rates are not uniform and some areas in the state are subject to higher or lower rate changes. Florida Law requires that the Office hold public hearings on rate filings for statewide average increases exceeding 15 percent.
Tapes of the hearings are available online at www.floir.com under the Hot Topics portion of the website.
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War 
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
Toilet Paper Warehouse Fire Investigators Review Viral Video From This Issue
