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Hearing set to discuss Citizens rate hike proposal

Hearing set to discuss Citizens’ rate hike proposal Citizens Property Insurance Corp. customers may see higher rates. (Source: WAFB) By News Service of Florida Staff | February 26, 2021 at 10:34 AM EST - Updated February 26 at 10:34 AM TALLAHASSEE, Fla. (News Service of Florida) - Florida regulators will hold an online public hearing March 11 about a proposal by the state-backed Citizens Property Insurance Corp. to raise rates later this year. State Insurance Consumer Advocate Tasha Carter announced the Office of Insurance Regulation hearing in a Twitter post Thursday, saying she is seeking feedback from customers about the rate proposal. Alarmed by a steady increase in people turning to Citizens for coverage, the insurer’s Board of Governors on Jan. 26 approved a proposal that would lead to various rate changes, depending on factors such as types of policies.

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