None of this is surprising. Our state's Office of Insurance Regulation has long struggled to provide candid, meaningful information about all the hikes it approves. Twice, I've asked for data about the average rate increases. Twice I've been told they don't track such information.
I'm not sure I'd track it either if I knew what the results would show.
Floridians deserve better.
Some of this rests on your shoulders — as I've written before. When a company jacks up your rate, shop around.
Last year, my company upped my annual home-insurance premiums by $700. With one call to my independent agent, I was able to find a new company that charged me $1,000 less.
You can call an agent or start shopping yourself. One thing the insurance commission does do well is provide rate-shopping tool at http://www.floir.com/choices.
Still, if Florida is going to be in the regulation business (a concept I increasingly question), then officials should actually regulate.
Floridians deserve answers. They deserve transparency. They deserve regulators who are banned from going to work for the companies they supposedly regulate.
And right now — with reinsurance costs down — Floridians deserve rate cuts.