After the voluntary moratorium on rate increases ended three companies, St. John’s, USAA and Atlantic Mutual filed requests to increase their homeowner’s rates. Florida Office of Insurance Regulation records show 11 insurance companies have raised their homeowner’s rates an average of 15 percent since the last hurricane season.
The rate hike request for USAA, the state’s fifth largest insurer, ranges up to a 33.4 percent increase for Monroe County.
The state Office of Insurance Regulation has 90 days to approve or reject the rate hike requests.
Was this article valuable?
Here are more articles you may enjoy.
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Business Interruption Claims Arising From the Middle East Conflict From This Issue
