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December 02, 2004
Floridians Can Anticipate State-wide Premium Hikes
Florida homeowners can expect an 8.3 percent statewide increase in the cost of homeowner's insurance, Bob Lotane, spokesman for the Florida Office of Insurance Regulation told the Bonita News. He said worst-hit areas will have the highest increases.
"There are certain areas that carriers aren't going to need rate changes and some that will be able to justify it," Lotane said. "In South Florida, hurricanes were already priced into rates, but insurance companies will be able to justify rate changes in areas such as the central part of the state."
Posted by Tom Troceen