50%+ rate requests considered
Two property insurance companies explain at public hearings the reasons they need 50%-plus rate increases on their Florida policies, reinsurance companies express concern to Florida insurance carriers about potential loss creep from Hurricane Ian, plus a …
Governor’s premium rate relief uncertain
Two property insurance companies have filed for rate increases of more than 50% on their Florida policies, legislative leaders say they’re still considering the Governor’s proposal for homeowners insurance premium relief, and a new report …
Rising reinsurance costs a factor
Allstate’s Castle Key subsidiary is asking for a 53.5% rate increase after shedding 33,000 condo policies, another Florida insurance company goes into a policy runoff while another calls it quits altogether, plus how the high …
Florida’s market instability continues
Another Florida property insurance company has decided not to renew thousands of policies, a public adjuster accused of repeatedly violating the state insurance code may lose his license, plus why we’re watching a potential special session …