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Florida regulator approves nearly 100 insurance rate increases

February 12, 2021

Florida’s Office of Insurance Regulation had approved nearly a hundred insurance rate increases – reflecting the dire insurance industry conditions in the state.

According to court documents obtained by News 6 WKMG, dozens of property insurance companies filed for insurance rate increases from January to September 2020. Almost a hundred of those rate applications were approved by the state regulator.

Many of the approved rate applications were double digit increases – increases that several industry experts have warned about since last year.

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