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Federated National Holding Company Message Board

  • fabulouspoodle fabulouspoodle Oct 9, 2012 9:17 AM Flag

    Florida appoves rate increasee on all FNHC Homeonwers Policies...

    ...I was starting to think Florida wouldnt approve an increase this year due to lack of major storms over the past several years and the huge percent increases Florida has approved over the past few years.

    As management stated in the conf call, if they got an increase, it wouldnt be as big as recent past ones since the recent huge increases have already rationalized the industry. But, again, I'm very happy with the 4.8%. I mean geeze, didnt they say that rates have gone up like 70% over the past four years or so......so on top of that, and considering we already know TCHC is very profitable at current rates; and we already know that the recent reinsurrance increase was less than three percent; the 4.8% is gravy.

    best.

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