Blog: rate hikes

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…

State Senator Ron Klein (D-Boca Raton) today asked Senate President Tom Lee and Attorney General Charlie Crist for investigations and hearings into the recent massive rate hikes proposed by major insurance companies in Florida.