First Floridian News Today

Almost half of companies reported underwriting gains

Almost half of companies reported underwriting gains

Requests by three insurers are the latest evidence of problems in Florida’s property-insurance system, as lawmakers prepare to return to Tallahassee next week for a special session on the issue.

On Tuesday, the state held hearings on big rate increases sought by three more property insurers.

When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked

Requests by three insurers are the latest evidence of problems in Florida’s property-insurance system, as lawmakers prepare to return to Tallahassee next week for a special session on the issue.

The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First

One company is asking for a nearly 50% rate increase on its homeowners policies.

The Flor ida Off ice of Insurance Regulation will hold hearings May 17 on proposed rate hikes by First Floridian Auto and Home Insurance Co., Kin Interinsurance Network and Florida Farm Bureau General Insurance Co. and Florida Farm Bureau Casualty Insurance Co.. Key issues during the session could include trying to help companies obtain reinsurance, which...

The hearings will come less than a week before the May 23 start of a special legislative session that Gov. Ron DeSantis called to grapple with widespread problems in the insurance market.