COMPANIES INVOLVED IN SWITCHES
The following
companies charge rates that have not been approved by the State Office of
Insurance Regulation. Because their rates are unapproved, insurance regulators
are allowing consumers to switch to Citizens Property Insurance Corp. if they
find Citizens offers lower rates.
Below are the
companies and the unapproved rate increases they're implementing. (This list
was compiled before the Special Session 1/16/07)
Company Name & Percent Change
Requested:
Vanguard Fire
and Casualty Co.. 92% to 90.9%
United
Property & Casualty Insurance Co.. 88.5%
Homewise
Insurance Co.. 80%
USF&G (Hull & Company)..?
First Home
Insurance Co.. 73.4%
Service
Insurance Co.. 72.5%
Sunshine State
Insurance Co.. 56.2% to 70.7%
Federated
National Insurance Co.. 61.1%
Liberty
American Select Insurance Co.. 22.8% to 44.8%
USIC of
Florida. 40.2%
St. Johns
Insurance Co.. 22.5% to 35.3%
Tower Hill
Preferred Insurance Co.. 27.1%
Edison
Insurance Co.. 25%
Owners
Insurance Co.. 23.3%
Southern-Owners Insurance Co.. 23.3%
Tower Hill
Prime Insurance Co.. 21.6%
First
Protective Insurance Co.. 20%
Hillcrest
Insurance Co.. 20%
Omega
Insurance Co.. 18.7%
Tower Hill
Select Insurance Co.. 18%
First
Community Insurance Co . 14.4%
Church Mutual
Insurance Co.. 11.49%
Metropolitan
Casualty Insurance Co.. 2.2%
Metropolitan
Property and Casualty Insurance Co.. 2.2%
United
Services Automobile Association . -3.3%
USAA Casualty
Insurance Co.. -3.3%
Source: State
Office of Insurance Regulation
