I just have received word that 5 insurance companies in this state are requesting double-digit rate increases for a variety of reasons. Auto Owners, Cincinnati Insurance, Florida Farm, Hartford, and Metropolitan Property and Casualty are the companies involved so far. Can others be far behind? The state has to approve any increases. Wasn't insurance reform supposed to stop or slow this. So far I have seen no impact on my customers. Let's hope that the property tax reform that was recently approved does not go down the same path.
I will let you know if I hear any more news on this issue.
John Elwell - REALTOR
Bill Nye Realty, Inc.
Licensed in Florida