NU Online News Service, July 13, 3:00 p.m. EDT

Two Allstate subsidiaries in Florida are asking regulators to approve 33 percent and 18 percent average statewide rate increases for homeowners insurance based on the fact that loss expenses are exceeding premiums, Allstate said.

Castle Key Insurance is asking for the larger increase. Castle Key Indemnity, the subsidiary writing new business in Florida, is looking for the lesser rate hike.

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