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Press Release

Four Public Hearings Set On Rate Filings
Monday, September 18, 2006
Tallahassee (September 18, 2006) – The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Federated National Insurance Company, Homewise Insurance Company , Liberty American Insurance companies, and Florida Family Insurance Company.  Hearings for these rate filings will be held in Tallahassee, in the Senate Office Building, room 401, at The Capitol.  The hearings will be held on September 22, 2006 and on September 28, 2006.
 
Federated National has requested a 49.5 percent statewide average rate increase for its homeowners insurance business in Florida.  The public hearing for this filing will take place September 22, 2006, at 10:00 a.m. 
 
Homewise Insurance Company has filed for a statewide average increase in rates of 75.8 percent for its wind-only homeowners insurance lines in Florida.  The public hearing for this rate filing will occur September 22, 2006, at 1:00 p.m. 
 
Liberty American Select Insurance Company has requested average statewide rate increases of 44.8 percent and 96.2 percent for its homeowners and dwelling fire programs, respectively.  Liberty American Insurance Company has requested a 95.8 percent average statewide rate increase for its condo unit owners insurance.  The public hearing for these rate filings is scheduled for September 28, 2006, at 10:00 a.m. 
 
Florida Family filed for a statewide average increase of 14.8 percent for its homeowners business in Florida and 27.7 percent for its dwelling fire program. The public hearing for this rate filing will take place September 28, 2006, at 1:00 p.m. 
 
The requested rates are not uniform and some areas in the state are subject to higher or lower rate changes.  Florida law requires that the Office hold public hearings on rate filings for statewide average increases exceeding 15 percent or for any reason the Office deems necessary.
 
These hearings are open to the public, and input from interested parties is welcomed.  The hearings will be taped by the Florida Channel and video will be available online at http://www.floir.com/Sections/PandC/ProductReview/RateHearingVideo.aspx.
 
Those unable to attend the public hearings are welcome to forward comments to the Office at ratehearings@fldfs.com.  The subject line of emails should include the name of the company of interest and the words rate hearings.
 
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this hearing should telephone Sam Coskey at (850) 413-2616 or e-mail him at sam.coskey@fldfs.com at least 48 hours prior to the hearing.
 
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