Florida regulator to decide whether Citizens Property Insurance rates will go up
It is not just another storm that Floridians are bracing for, but a possible rate hike with their property insurance.
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It is not just another storm that Floridians are bracing for, but a possible rate hike with their property insurance.
With the state-backed Citizens Property Insurance Corp. continuing to see massive growth, regulators Thursday took up a proposal that would lead to double-digit rate increases for Citizens customers across Florida.
The Office of Insurance Regulation is considering double-digit rate increases for Citizens Property Insurance customers across Florida.
Citizens Property Insurance is seeking an average increase of 13.1% for all personal lines of multiperil policies.
Citizens Property Insurance is recommending a 12% increase for all homes that are primary residences.