Tag: Increases

  • Hearing on Florida Residents’ Near-Max Rate Increases Set for March 31

    The Florida Office of Insurance Regulation will hold a hearing on Thursday, March 31, to look at a request by Residents Property Insurance Corp. for a near-maximum rate increase for many of its policies. Residents, limited by its statutory “glidepath” to a maximum increases of 11% this yr, in December filed for near that on […]

  • Inflation Outpacing Premium Increases for Auto and Homeowners Lines

    US Insurers — already hammered by extraordinary losses brought on by natural disasters — are failing to lift premiums at a pace that matches the inflation rate, in line with the American Property Casualty Insurance Association. APCIA said private property/casualty insurers experienced an $11.3 billion underwriting loss within the third quarter of 2021. Incurred losses […]