insurance rate hike News

Citizens Rate Hike Result of Increased Water Losses, AOB Claims

Florida’s state-created property insurer is going to raise its rates again. The board that oversees Citizens Property Insurance voted this week on a proposal to raise homeowner rates an average 5.3 percent and commercial accounts by an 8.4 percent average. …

Georgia Allows Allstate Auto Insurance Rate Hike

Allstate can go ahead raise auto insurance rates for Georgia drivers later this month because a state review of the planned increase won’t be done in time to stop the higher rates from taking effect, state regulators said. State Insurance …

Florida Largest Insurer Considering Rate Hikes

Florida’s largest property insurer is considering rate hikes for next year. The board of Citizens Property Insurance Corp. will vote next week on a range of proposed hikes. The state-created insurer has 1.26 million policyholders. State law requires Citizens to …