Court dismisses insurers petitions - Business Courier of Cincinnati:

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The hearing will be on two rate receivedJune 13, that were to complgy with the requirements of House Bill 1A for property insurers to submir "true-up" filings reflective of the savingw obtained from the recentlyt expanded Florida Hurricane Catastrophe Fund. The Cincinnatk companies proposed a statewideaverage 37.5 percent rate increase for homeowner's policies in Florida. That followe d an approved rate reduction of 35 percent made earliefthis year, which was effectives June 1 for new and renewal business goingf forward. The companies also filed for a 14.5 percenty statewide average rate increase for Dwelling Fire policies in Floridsa to becomeeffective Jan.1, 2008.
The hearinb will take place at 9:30 a.m. at the Senate Officee Buildingin Tallahassee, room 401. As of June 30, the companiezs reported a totalof 15,350 residential propertyu insurance policies in Florida.