News & Media
TAMPA, Fla. — One month after a handful of insurance companies filed for decreased rates in 2024, the Office of Insurance Regulation has approved the lower rates for some of the companies, NBC affiliate WESH reports.
Currently, Florida homeowners pay the highest property insurance rates in the nation, WESH reports, but relief is coming for customers of the approved insurers.
Three of the approved companies are American National Property and Casualty, Florida Peninsula, and Safe Harbor Insurance, according to WESH.
American National Property and Casualty is decreasing its rates by 3.3%.
Safe Harbor Insurance is set to decrease by 1.5%, while they have filed for an additional 11.5%.
Florida Peninsula will see a 2% rate decrease.
Other companies who have filed for rate decreases in 2024 are:
Spinnaker Insurance Company
Southern Oak Insurance Company
Heritage Property & Casualty Insurance Company
US Coastal Property & Casualty
Stillwater Property and Casualty Insurance Company
American Integrity Insurance Company of Florida
In addition, these 10 companies filed for no increase in 2024:
Florida Family Home Insurance Company
Florida Farm Bureau General Insurance Company
American Bankers Insurance Company of Florida
Edison Insurance Company
Castle Key Insurance Company
Heritage Property & Casualty Insurance Company
Castle Key Indemnity Company
American Integrity Insurance Company of Florida
American Security Insurance Company
American Traditions Insurance Company
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