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Two more property insurance companies are looking at cutting their rates in Florida.
That's according to the Insurance Information Institute, which says Slide and Florida Family Insurance are each planning modest cuts of a half percent, which the Institute's Mark Friedlander calls a huge and shocking change to Florida's insurance market.
Florida Peninsula had earlier announced that it will reduce rates by 2 percent in the state, citing insurance litigation reforms.
That company's reductions are expected this summer.