Wednesday, August 6, 2008

The State Plans To Deny Insurance Price Hikes

Florida Insurance Commissioner Kevin McCarty announced yesterday that the state plans to reject Florida Farm Bureau insurance companies' request for an average 28 percent statewide property insurance rate increase. State Farm will defend its 47.1 percent increase request next week.

Read the full story:

1 comment:

Anonymous said...

Thanks for keeping us up to date on this.

It looks like the Florida Farm Bureau Insurance companies are just among the first lining up to try for a massive Florida homeowners insurance rate increase. If they don't get it a large number of Florida home insurance cancellations are likely to happen.

If you get dropped by Florida Farm Bureau or just don't want to wait around for the next increase, here is some help:

Find, Screen, and Contact Florida Home Insurance Companies

Secrets to Affordable Florida Home Insurance

Also if you want to know the truth about Citizens Insurance Florida here is an excellent article:

Avoid This Accident Waiting to Happen