Hartford Insurance Company has requested overall rate increases as follows: Hartford I.C. of the Midwest: 100% overall rate increase for dwelling fire policies (FLR 07-1195) effective 10/3/2007 for new business and 11/21/07 for renewals; ...

 

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

The Office of Insurance Regulation announces a hearing to which all persons are invited.

DATE AND TIME: August 16, 2007, 9:00 a.m.

PLACE: 401 Senate Office Building, Tallahassee, Florida (adjacent to The Capitol)

GENERAL SUBJECT MATTER TO BE CONSIDERED: Hartford Insurance Company has requested overall rate increases as follows:

Hartford I.C. of the Midwest: 100% overall rate increase for dwelling fire policies (FLR 07-1195) effective 10/3/2007 for new business and 11/21/07 for renewals;

Hartford I.C. of the Midwest: 46.4% overall rate increase for homeowners policies (FLR 07-11924) effective 9/18/07 for new business and 11/18/07 for renewals;

Hartford A & I; Hartford Casualty; Hartford Fire: 50.5% overall rate increase for dwelling fire polices (FLR 07- 11937) effective 10/3/07 for new business and 11/21/07 for renewals;

Hartford A & I; Hartford Casualty; Hartford Fire: 29.5% overall rate increase for homeowners policies (FLR 07- 11928) effective 9/18/07 for new business and 11/8/07 for renewals.

Hartford Spectrum Program: 121.7% overall rate increase for Residential Condo Assoc. policies (FLR 07-11962) and a 146.3% overall rate increase for Residential Condo Assoc. policies (FLR 07-11966), both effective 11/1/07 for new and renewal business;

Hartford Property Choice Program: 225.9% overall rate increase for Condo policies (FLR 07-11816) and a 210.8% overall rate increase for Condo policies (FLR 07-11817), both effective 11/1/07 for new and renewal business.

The requested rate increases are not uniform and some areas are subject to higher rate increases.

Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to [e-mail]. The subject line of your e-mail should read “Hartford.”

A copy of the agenda may be obtained by contacting Sam Coskey at [phone] or e-mail him at [e-mail].

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting Sam Coskey at [phone] or e-mail him at [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

For more information, you may contact C. Khai Patterson, Esquire at [phone] or Sam Coskey at (850)413- 2616.