(Pinon Road/Shutterstock.com)

State regulators say home and auto insurance rates in Florida should dip 1.5% in July, according to a report by MyFoxOrlando.com. Florida residents who pay a private insurance company for coverage on a car, motorcycle, boat or house will see savings of $15 per $1,000 of premium.

Thomas Cotton, owner of Hugh Cotton Insurance in Orlando, tells MyFoxOrlando.com that insurance companies will stop collecting a 1.5% emergency assessment on policies, allowing policy holders to catch a break this summer.


NOT FOR REPRINT

© 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.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.