The Florida Office of Insurance Regulation said that for thesecond time this week, it has approved rates for a large homeownersinsurer that are substantially below what was initiallyrequested.
OIR said it authorized a revised overall rate increase filing of16.3 percent for United Services Automobile Association and USAACasualty Insurance Company after the carriers originally sought a40 percent hike.
Earlier, the OIR approved revised rate filings submitted byAllstate Floridian Insurance Company and Allstate FloridianIndemnity Company of 8.2 percent for each. Allstate Floridian andAllstate Indemnity originally requested average statewide increasesof 22.5 and 33.2 percent, respectively.
Continue Reading for Free
Register and gain access to:
- 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.
