Florida insurance companies Castle Key (Allstate subsidiary) and Amica Mutual Insurance seek 50%+ rate hikes for mounting costs and surging claims, presented to Florida's Office of Insurance Regulation.

Two Florida insurance companies, Castle Key (Allstate subsidiary) and Amica Mutual Insurance, are seeking rate hikes of over 50% to address mounting costs and surging claims. They have presented their cases to Florida's Office of Insurance Regulation, overseen by Governor Ron DeSantis' appointee, Commissioner Michael Yaworsky. The insurers say the higher premiums are needed to cover operating costs.

February 21, 2024
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