Tuesday, October 16, 2007

Farm Bureau's hike: $2.4 million a month

Florida Farm Bureau protests a request by state regulators to delay
an upcoming administrative hearing on the company's denied property
insurance rate hike.

The 25 percent increase was to have gone into effect earlier in
October and every day that goes by is costing Florida Farm Bureau
$78,000 in lost revenue -- $2.4 million a month.

Or look at it this way.

Every day that goes by without the rate hike being approved is saving
Florida Farm Bureau's customers $78,000 -- $2.4 million a month.

1 Comments:

gettinoutofFL said...

Great. I just asked Florida Farm Bureau for a homeowners insurance quote. I bet it won't be cheap.

12:11 PM  

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