Hearing set to discuss Citizensâ 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 insurerâs Board of Governors on Jan. 26 approved a proposal that would lead to various rate changes, depending on factors such as types of policies.