Florida home insurers lining up for rate hikes
Although Florida has dodged a direct hit from a hurricane for almost seven years, three major home insurers want to raise rates.
Allstate’s Castle Key Insurance and Castle Key Indemnity want 32.7 percent and 21.9 percent statewide average increases; Universal Insurance Co. of North America wants a 22 percent average increase and State Farm Florida wants a 14.9 percent average increase.