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Policy rate increases scramble Southwest Florida's homeowners insurance market
Bonita Springs :: FL :: USA | 9 months ago
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Written by Filed Under The largest players in Southwest Floridas homeowners insurance market have made their case to raise rates from 10 to 33 percent on average...People are angry, said Tim Shaw, CEO of Tim Shaw Insurance Ascentria in Fort Myers...
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Florida home insurers lining up for rate increases
Fort Lauderdale :: FL :: USA | 10 months ago
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Three major home insurers in Florida want rate hikes: Allstate's Florida subsidiaries want 21.9 percent and 32.7 percent statewide average increases, Universal Insurance Co. of North America wants a 22 percent average increase and State Farm Florida
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Lawmakers hope to forge broad property insurance bill
Naples :: FL :: USA | 2 years ago
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Florida lawmakers have three days to hammer out a deal on sweeping property insurance legislation that would allow certain rate hikes and shorten the time policyholders have to file claims. There are still key differences between the versions of the
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Florida insurer explains rate hike request
Tallahassee :: FL :: USA | over 2 years ago
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State Farm Florida said raising homeowner insurance rates 28 percent would cover losses from years in which there were no hurricanes. "Over the last almost three years, we've lost over $500 million of surplus. This company has lost a substantial
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State Farm defends 28% rate hike plan
Tallahassee :: FL :: USA | over 2 years ago
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State Farm Florida defended its proposal to increase homeowners' insurance rates an average of 28 percent during a public hearing Tuesday as necessary because the company's finances have dwindled amid recent hurricane-free years. Our financial
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Allstate companies propose home insurance rate hikes
Tallahassee :: FL :: USA | almost 3 years ago
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The Allstate Floridian Insurance companies, which changed their names to Castle Key last year, have about 250,000 policies, making Allstate Florida 's third-largest private home insurer. Nearly three-fourths of those policies are with Castle Key
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Rental policy soars with move
Miami :: FL :: USA | over 3 years ago
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Owners of old homes take hit on insurance A vintage home is cool, until you have to pay the insurance bill. That chic 1930s Mediterranean-style cottage is an architectural gem with inlaid wood floors, crown molding and a stone-carved fireplace. But
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Legislature tries again to tackle insurance mess
Tallahassee :: FL :: USA | over 3 years ago
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Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner's policy. So she found a new insurer — one she wouldn't have to worry about if a big storm struck the state and
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State Farm Florida to continue writing property insurance
Gulf Breeze :: FL :: USA | over 3 years ago
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The deal grants State Farm Florida a 14.8 percent rate increase and the cancellation of no more than 125,000 policies. The agreement concludes an exhausting 18-month deliberation between State Farm and state regulators. “This agreement is the product
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Deregulating Florida property insurance rate still at issue
Tallahassee :: FL :: USA | over 3 years ago
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Supporters of legislation allowing companies to offer property insurance with deregulated rates said Thursday they were undeterred by a deal announced a day earlier that would keep State Farm Florida in the Florida market. "This is a piece of the
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