Here is a sampling of the increases or decreases on multiperil policies being sought by insurers that bought cheaper back-up insurance from the state's hurricane catastrophe fund as part of the insurance reform law passed in January. Insurers were required to pass on savings to policyholders.
|Company||Rate change sought||No. of policies statewide|
|USAA (3 companies)||50.80%||260,142|
|Allstate Floridian Insurance||27.70%||283,685|
|Hartford Ins. of Midwest||24.50%||67,417|
|Allstate Floridian Indemnity||15.10%||84,144|
|Hartford Cos. (5 companies)||11.80%||30,564|
|First Liberty/Liberty Mutual||-2.40%||131,554|
|United Property & Casualty||-8.00%||52,480|
|State Farm Florida||-9.00%||1,007,986|
|American Strategic (2 companies)||-20.90%||157,437|
* Citizens' rate is for wind-only policies; multiperil policies will decrease 6.7% on average.
SOURCE: Florida Office of Insurance Regulation