Coral Insurance Co. of Hollywood asked state insurance regulators Friday for permission to increase homeowner insurance premiums by a statewide average of 21.5 percent, according to a filing with the Office of Insurance Regulation.
If approved, the increase would take effect April 15 for both new and renewal business.
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Does Coral Insurance have enough money for claims payouts being the new company on the block?
Hollywood insurer seeks increase
Coral Insurance Co. of Hollywood asked state insurance regulators Friday for permission to increase homeowner insurance premiums by a statewide average of 21.5 percent, according to a filing with the Office of Insurance Regulation.
If approved, the increase would take effect April 15 for both new and renewal business.
Coral playing with fire.Do not like paying claims.They do like to play games. Coral is now being investigated by the Fl.Dept.Of Insurance.