Subject
Castle Key Insurance Company and Castle Key Indemnity Company have requested average statewide rate increases of 33.3% and 17.9% for their homeowners programs, respectively. The proposed rate increases would be effective October 31, 2010, 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 the insurers as well as interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to the Office of Insurance Regulation at ratehearings@floir.com; the subject line of your e-mail should read “Castle Key.”