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January 05, 2005

Thirteen Fla. Insurers Request 11 to 60 Percent Policy Rate Hikes

Thirteen Florida insurance companies have requested 11 to 60 percent premium rate increases from the Florida Office of Insurance Regulation (OIR). Regulators will be reviewing the requests this month and will either approve them or request revisions. New rate increases will be reflected in all new business on Feb. 1, while renewals will see the rate adjustment starting April 1.

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Posted by Tom Troceen