By TIMES WIRES
Published November 5, 2006
Rate increase requests
State Farm Florida
Request: 85 percent on May 12
Approved: 52.7 percent on July 18
Request: 22.5 percent on Aug. 30, amended filing due Monday.
Request: 40 percent on Aug. 10, notice of intent to deny issued Thursday
Nationwide Insurance Co. of Florida
Request: 71.5 percent on July 6, notice of intent to deny issued on Oct. 18
Universal Property and Casualty Insurance Co.
Request: 10.3 percent on May 8
Approved: 10.3 percent on Oct. 9
Second request: 17.2 percent on Oct. 7, pending approval
Homeowners PLA (Personal Lines)
Request: 13.3 percent on Dec. 1
Approved: 13.3 percent on May 19
Second request: 20.4 percent on Dec. 29
Approved: 12 percent on Oct. 4
Homeowners HRA (Wind-only)
Request: 16.4 percent on Dec. 6
Approved: 16.4 percent on Oct. 3
Second request: 44.9 percent on Dec. 28
Approved: 21.4 percent on Oct. 4
* Citizens rate filings are divided between personal-lines policies for homeowners and wind-only policies in a separate high-risk account.
Source: Florida Office of Insurance Regulation
Using computer models to forecast hurricane damage, every large property insurer in Florida has filed with the state and, to some extent, received approval to implement double-digit rate increases this year. Here are their recent requests and those for state-run Citizens Property Insurance.
[Last modified November 4, 2006, 19:59:16]
[an error occurred while processing this directive]