Starting in July, insurance companies have filed at least nine requests for rate decreases, four of which have already been approved, according to the Florida Office of Insurance Regulation.
There were more than 20 requests to raise rates, however. Still, insurance agents say rate decrease requests are a clue that the market is balancing itself out.
Read the entire story from James L. Rosica in The Tampa Tribune HERE.
Also read: Florida CFO Atwater Asks Commissioner McCarty for Report on Rates
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.