Historic Rate Decrease Proposed by Florida Peninsula Insurance Company
Update: 2025-08-14
Description
Florida Peninsula Insurance Company is proposing its largest rate decrease ever, with an 8.4 percent decrease for homeowner's premiums and a 12 percent decrease for condo owners. This reduction is thanks to recent legislative reforms benefiting consumers and is expected to result in significant savings for policyholders later this year or early 2026. President Clint Strauch attributes this success to addressing the root causes of increasing insurance premiums in Florida.
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