Life and politics from the Sunshine State's best city

Tag archive

rate increase

Insurer seeks 10 percent premium increase on home policies in Florida

in Statewide by

Heritage Property & Casualty Insurance Co. has requested premium increases averaging nearly 10 percent on most Florida policy renewals effective on Dec. 1. The new rates would cover the approximately 68,200 homes and condo policies Heritage acquired last year from Citizens Property Insurance Corp. Citizens, the state-run insurer of last resort in Florida, is pursuing a policy of “depopulation” — encouraging policyholders to shift to the private insurance market. Heritage acquired some 75 percent of its Florida policies from Citizens,…

Keep Reading

Nancy Argenziano comes to Tiger Bay

in Statewide/The Bay and the 'Burg by

Not so long ago stock analysts praised the “reliable” regulatory climate for Florida’s big power companies – that is to say consistently pro-industry. There is a new sheriff in town, though. Chairman Nancy Argenziano took charge at the start of 2010 along with several like-minded commissioners appointed by Governor Charlie Crist. They just said no this January to the customary generous rate increase requests from Progress Energy and Florida Power and Light. The howls of protest from executives of the…

Keep Reading

Go to Top