The  OIR has backed   All State Insurance saying  it was necessary and they were happy that All State still remains a viable carrier in Florida. The increase for those policy holder’s will be quite substantial in Fort laud, S. Florida and all of Florida, but the worst will be in S. Florida as the increases could truly mean 50% or more. This will be no differant then any other carrier and State Farm has already done this, but worse. We have seen some clients come from State Farm w/ increases that are nearly 300% form the prior year. What makes this worse is that most carriers are also re-inspecting homes for Wind mitigation Inspections and people are loosing doscounts and when that get’s compounded on top of an increase it feels even worse, consumer’s are very upset and I do not blame them. Governor Rick Scott and the Florida legislative body all seem to agreee this is what must be done and it is happening. New people buying Homes should be made aware of the increased cost since many are still trying to squeeze people in and that is a problem many times.Please remember to call L & S Insurance for all of your Home, Auto, Flood business and commercial Coverage’s as well as Lfe Insurance for Fort Lauderdale and all of Florida.

thx,

http://www.insurancejournal.com/news/southeast/2011/07/22/207651.htm

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