Quote:
Originally Posted by Cajulian
This can happen anywhere in the country they do business and the price changes will be spread to all insured's even if you have a spotless claim record and many loyal years as a customer.
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If you are in the business then you know that they can't just raise the premiums based on their broad book of business. Each state has insurance regulators who must allow the increase to happen. Yes catastrophes can hurt the companies bottom line but they are not allowed to just pass this on without regulation.
At least that was the case in the states that we did business with (not sure about FLA).