The Florida Office of Insurance Regulation (OIR) announced today it had disapproved a USAA insurance request to raise home insurance rates by more than 50 percent.
OIR said the rate proposal had been submitted by United Services Automobile Association (USAA), USAA Casualty Insurance Company and USAA General Indemnity Company.
The filing, received by the OIR on July 30, proposed a statewide average increase in homeowners insurance rates of 53.9 percent.
Recommended For You
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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
