NU Online News Service, March 18, 3:06 p.m. EDT
One of several insurance-related bills being mulled by Florida lawmakers would institute flex rating for some insurance lines.
Senate Bill 1330—this year’s attempt at deregulating the residential property insurance market—would allow some insurers to increase rates for personal and commercial residential property up to 15 percent statewide, or up to 30 percent on an individual policy basis, without approval from the Office of Insurance Regulation.
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