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Press Release

Public Hearings Set For Rate Filings By Universal, Sunshine State
Monday, October 02, 2006
Tallahassee, Fla. – The Florida Office of Insurance Regulation (Office) has scheduled public hearings on rate filings submitted by Universal Property and Casualty Insurance Company (Universal) and Sunshine State Insurance Company (Sunshine State).  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 October 6, 2006.
 
Universal has requested a 43 percent average statewide rate increase for its dwelling fire insurance in Florida.  The public hearing for this filing will take place October 6, 2006, at 10:00 a.m.
 
Sunshine State has requested a 70.7 percent average statewide rate increase for its Everglades Program, a 59.6 percent increase for its Qualsure Preferred Program, and a 56.2 percent increase for its Qualsure Assumed Program, all relating its homeowners insurance in Florida.  The public hearing for this rate filing will be held October 6, 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 when a private model is used or for any purpose deemed necessary by the Office. 
 
These hearings are open to the public and input from interested parties will be accepted.  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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