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Fla.’s “insurer of last resort” is the first resort for more and more homeowners. The company hopes to reverse that trend through a series of changes, including a rate hike.
Florida homeowners hoping for a reprieve from skyrocketing home insurance rates aren't likely to find one any time soon.
Citizens has asked Florida Office of Insurance Regulation to approve an overall 13.3% premium increase.
As Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year, President and CEO Tim Cerio said Wednesday.
The governor's efforts have yielded one of the most conservative state supreme courts in the country, reflecting Florida's shift from a politically competitive state to a testing ground for culture war legislation.