Cincinnati Indemnity Asks to Boost Fla. Rates As Much As 37%
Cincinnati Indemnity Co. and Cincinnati Insurance Co. have joined the list of Florida home insurers asking the Florida Office of Insurance Regulation for permission to raise premiums by as much as 37 percent, statewide.
About 15,000 Florida policyholders would be affected by the request. The biggest increase would be in St. Johns County in northeast Florida.
A hearing on the request has been scheduled by the OIR June 22 in Sarasota, an area in which a large number of its policyholders reside.
Popular Today
- Renewal Rates in Q2 Tell of ‘Slowly Softening’ Commercial Lines Market, Says Ivans
- Insurer Says it Has No Duty to Defend Kansas City Super Bowl Parade Shooting Lawsuit
- Florida Meteorologist Predicts Where the Next Hurricane Will Hit, For a Price
- The New Approach to Hurricane-Strong Homes? Concrete Walls But Affordable