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Press Release

Public Hearings Set On Rate Filings From St. Johns Insurance Company And The Hanover Group
Tuesday, November 07, 2006
Tallahassee, Fla. – The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by St. Johns Insurance Company (St. Johns), The Hanover American Insurance Company (The Hanover Group), The Hanover Insurance Company (The Hanover Group), and Massachusetts Bay Insurance Company (The Hanover Group).  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 November 9, 2006.
 
St. Johns has requested a 22.4 percent statewide average rate increase for its homeowners insurance business in Florida.  The public hearing for this filing will take place November 9, 2006, at 10:00 a.m.
 
The Hanover Group has filed for a statewide average increase in rates of 68.8 percent for its homeowners insurance in Florida.  The public hearing for this rate filing will occur November 9, 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 of 15 percent or higher, 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 hearing.
 
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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