Absolute Insurance & Financial, LLC Blog: rate increase
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Thursday, February 13, 2020NFIP Flood Update - Rate Changes Effective April 1, 2020: The rates charged for many NFIP flood policies will be increasing per the chart below. As a result, most individual policies will see overall premium increases below the percentages indicated on the chart. The Reserve Fund Assessment is increasing from 15% to 18% READ MORE >>
Tuesday, February 4, 2020The trend began in late spring of 2019 due to reinsurance, CAT losses due to hurricanes and other natural disasters, we see continue into 2020 with rate increases in Florida and most states in the area of 10% up to 25% over prior year. READ MORE >>
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