Florida's Royal Palm Insurance Gets 15% HO Rate Increase

Gainesville, Fla.-based Royal Palm Insurance Company has received approval for an average statewide homeowners insurance rate increase of 15 percent.

By Chad Hemenway | September 07, 2010 at 08:00 PM

NU Online News Service, Sept. 8, 12:34 p.m.EDT

Gainesville, Fla.-based Royal Palm Insurance Company hasreceived approval for an average statewide homeowners insurancerate increase of 15 percent.

The insurer, which has written all of its business in theSunshine State since 2006, had asked for an average hike of 21.7percent.

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