What does this mean to all of us while we wait for the Legislators in Tall. to deregulate the entire Home Insurance business and raise rates w/ Citizens Insurance 55%??? Although this article is about 2 Mobile Home carriers today, a Home Insurance company that wants to raise the rates can do so the first day they make a decision in what is called Rate and File. The increase is filed and then the Office of Insurance regulation will determine w/ the CFO’s office if the rate increase is ok to approve. If it is, then it has already occured months earlier. If it is declined, then the company has to refund the increases it is expected to receive.By the time this happens, the deregulation bill being discussed in Tall.will have passed and been signed into law and the increases can be decided by the company anyway. Wow, what are we Floridians in for w/ Home Insurance rates for 2011 and 2012!!!! Please read the article and be sure to contact L & S Insurance for all your Insurance needs.
February 10, 2011
Florida Home Insurance rate and file is back!!!
Posted by homeinsuranceguru under Citizens Insurance, Home Owners Insurance, Insurance commissioner, Legislators, OIR, Tallahassee | Tags: Citizens, Flood Insurance, Florida, Home, Homeowners, Insurance, policy |[7] Comments
February 11, 2011 at 7:24 pm
Brilliant information, We are viewing back again more often looking for updates.
February 12, 2011 at 8:08 am
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February 24, 2011 at 1:00 pm
You know what, I never thought of it that way. Makes plenty of sense now. Thanks for explaining it so clearly, it really helped me and I’m sure it will help plenty of other people too. All the best!
February 26, 2011 at 12:39 am
Summarized and to the point, excellent!
February 28, 2011 at 8:38 am
thanks for the great post!
February 28, 2011 at 10:32 pm
Your blog has really been helpful to me and I thank you for your time and effort working on it. Keep up the good work. 🙂
March 9, 2011 at 11:35 pm
I can relate to some of the stuff in this page. Also can you check the images because they seem to be broken!