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Insurance News • May 24, 2024

Florida Insurers Cut or Hold Rates

by Susan Kaylor

Nine property insurance companies have  filed for 2024 rate reductions and 10 won’t be increasing rates at all. Is your company on the list?

The nine companies that have filed for a rate reduction in 2024 are:

  • Safe Harbor Insurance Company
  • Spinnaker Insurance Company
  • Southern Oak Insurance Company
  • American National Property & Casualty Company
  • Heritage Property & Casualty Insurance Company
  • US Coastal Property & Casualty
  • Florida Peninsula Insurance Company
  • Stillwater Property and Casualty Insurance Company
  • American Integrity Insurance Company of Florida

In addition, the 10 companies that filed a 0% increase in 2024 are:

  • Florida Family Home Insurance Company
  • Florida Farm Bureau General Insurance Company
  • American Bankers Insurance Company of Florida
  • Edison Insurance Company
  • Castle Key Insurance Company
  • Heritage Property & Casualty Insurance Company
  • Castle Key Indemnity Company
  • American Integrity Insurance Company of Florida
  • American Security Insurance Company
  • American Traditions Insurance Company

This announcement is a sign that Florida’s housing insurance issues are improving.  For more information on Florida real estate contact The Kaylor Team at 251-269-5250.

Pierce Kaylor | Broker Associate FL# 3571337

Susan Kaylor | Sales Associate FL# 3592575

Coldwell Banker Coastal Realty

 

Source:  https://www.floridarealtors.org/news-media/news-articles/2024/05/florida-insurers-cut-or-hold-rates?utm_campaign=5-24-24+Florida+Realtors+News&utm_medium=email&utm_source=iPost

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