Page 13 - அலுவலகம் ஆஃப் காப்பீடு ஒழுங்குமுறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

State legislators have proposed legislation that could dramatically increase windstorm insurance rates in Monroe County, despite the private insurance company that handles the policies carving out the Florida Keys from such excessive rate increases. Earlier this year, the board of directors for the Citizens Property Insurance, the main windstorm insurance provider in the Keys, has requested the state Office of Insurance Regulation to allow it to enact its first rate increase for the Keys in four years. However, the Citizens board of directors agreed to cap rate increases in Monroe County at 10% a year. However, several Republican lawmakers have proposed two insurance bills — HB 305 and SB 1574 — that include provisions to remove the rate cap during the next five years, with no mention of a carve-out for Monroe County.

Florida keysUnited statesMonroe countyMaria rodriguezJim mooneyEmergency management agencyOffice of insurance regulationOffice of insurance regulation onCitizens property insuranceInsurance regulationRepresentative civil justiceProperty rightsFlorida keys based fair insurance ratesAna maria rodriguezCitizens boardFlorida keys day