Olympus Insurance Company, one of the newer entries in the Florida marketplace, said it is offering rate decreases of up to 35 percent in northern and central Florida.
A spokesman for the Florida Office of Insurance Regulation said that Florida homeowners have on average experienced a rate decrease of 16 percent.
Since the hurricane losses of 2005 Florida has been one of five states with the highest average home insurance premiums. In January 2007, state legislation provided insurance companies with discount reinsurance and required them to pass their savings along to their customers.
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