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Security First Insurance, one of Florida’s largest private property insurance companies, has told state regulators that it is going to lower rates by an average of 9.3 percent statewide. The lower rates will take effect for new customers on Oct. 15 and on Dec. 1 for policy renewals.

Locke Burt, a former state senator, who is president of the insurer, said major reductions in reinsurance costs and changes in Florida law have significantly reduced the cost of homeowners insurance

Security First has nearly 105,000 customers, most of them in northeast, central and southwest Florida.

Topics Florida Homeowners