Tag Archives: insurance rates

Do insurers funnel Florida funds to parent companies while claiming need to raise rates?

Wake up and good morning. Remember when Florida’s elected leaders used to stand up against the property insurance industry’s relentless drumbeat that higher rates were the only answer to “fixing” this state’s crumbling homeowners’ insurance problems? Even after what is four-plus years with no hurricanes, the insurance industry’s mantra is unchanged: We are not charging […]

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Florida Insurers’ Fees To Affiliates Questioned

Consumer advocates call for more scrutiny as insurers report losses and request rate hikes By Julie Patel, Sun Sentinel Florida property insurers are pressing state legislators to allow them to raise rates without regulator approval, citing losses in recent years. But consumer advocates and regulators question the legitimacy of the losses after four hurricane-free years […]

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State Lawmakers Signal an Easing of Insurance Controls

LEGISLATURE: Compromise would let insurers raise rates by up to 10% a year TALLAHASSEE – The effort by Sen. Mike Bennett, R-Bradenton, to allow insurance companies in Florida to set their own rates appears doomed just two weeks into the legislative session, done in by election-year politics and the threat of a veto by Gov. […]

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State Farm pleads case for rate hike before judge

TALLAHASSEE — State Farm Florida began to plead its case Monday, explaining to a judge why it needs to raise property insurance rates by 47.1 percent, an increase regulators turned down. State Farm is appealing the rejection with a hearing before an administrative law judge in Tallahassee, a process expected to last most of this […]

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