Tag: rate decreases

Louisiana Approves 7.5% Rate Decrease for Homeowners Amid Reinsurance Improvements

Louisiana Department of Insurance approves a 7.5% average rate decrease for homeowners and dwelling policies, driven by lower reinsurance costs and regulatory reforms enhancing market capacity.

Florida's Heritage Insurance Approved for Up to 9.6% Rate Reductions in 2026

Heritage Property & Casualty Insurance receives regulatory approval for up to 9.6% rate reductions in Florida, signaling ongoing market adjustments following state reforms. Policyholders see an average 3.3% decrease effective February 2026.