The Real Deal Miami

Regulators weigh 33 percent whi

July 13, 2010 10:30AM

Castle Key is the new name for the former Allstate Floridian Insurance

State insurance regulators will consider a 33 percent hike on around
250,000 policies by Castle Key Insurance, which was formerly known as
Allstate Floridian Insurance and remains an Allstate subsidiary. Castle
Key Insurance is by itself the sixth-largest private home insurer in
Florida. Castle Key Indemnity, a fellow Allstate subsidiary, has asked
for an 18 percent rate hike. According to Allstate spokesperson Amy
Moore, the average increase for Castle Key insurance amounts to about
$412 per homeowner, or $34 per month. The Castle Key Indemnity hike
works out to about $243, or $20 per month. [Palm
Beach Post]