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Monday, August 20, 2007

Two insurers retreat on bid to raise homeowner rates

TALLAHASSEE, Fla. – Aug. 20, 2007 – Two homeowners-insurance companies have withdrawn requests to increase their rates.

The Florida Office of Insurance Regulation said Friday that Amex Assurance Co. and IDS Property Casualty Insurance Co. withdrew their requests to raise rates for residential policies by 49.1 percent.

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