Florida regulators announced today that Friday they will hold the latest in a series of hearings on home insurers' requests to raise rates in the state following last year's huge hurricane losses.
The upcoming proceedings were scheduled by the Florida Office of Insurance Regulation for the Senate Office Building, in Tallahassee, Fla., after filings by Universal Property and Casualty Insurance Company in Fort Lauderdale, Fla., and Sunshine State Insurance Company, St. Augustine, Fla.
Universal has requested a 43 percent average statewide rate increase for its dwelling fire insurance, a less comprehensive homeowners policy.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
