After the voluntary moratorium on rate increases ended three companies, St. John’s, USAA and Atlantic Mutual filed requests to increase their homeowner’s rates. Florida Office of Insurance Regulation records show 11 insurance companies have raised their homeowner’s rates an average of 15 percent since the last hurricane season.
The rate hike request for USAA, the state’s fifth largest insurer, ranges up to a 33.4 percent increase for Monroe County.
The state Office of Insurance Regulation has 90 days to approve or reject the rate hike requests.
Was this article valuable?
Here are more articles you may enjoy.
Need Wind Mitigation? New Florida Insurer Wants to Help With That 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
AM Best Upgrades Credit Ratings of Missouri’s Columbia 
Big I: Independent Agencies’ Market Share Up Slightly in 2025 From This Issue
