OIR Rate Hearing

Oct 10, 2008


OIR Rate Hearing

The Florida Department of Financial Services, Office of Insurance Regulation, has issued a Notice of Workshop Hearing regarding rate increases requested by Cincinnati Insurance Company and Cincinnati Indemnity Company.

Cincinnati Insurance Company and Cincinnati Indemnity Company have requested average statewide rate increases of 36.8 and 39.6 percent for their homeowners and dwelling fire programs, respectively. The proposed rate increases would be effective March 1, 2009, for new and renewal business. The requested rate increases are not uniform and some areas are subject to higher rate increases.

The purpose of the hearing is to receive input from the insurers and interested parties.

Date: Friday, October 10
Time: 9:00 a.m.
Place: Room 401 of the Senate Office Building, The Capitol, Tallahassee, Florida