Citizens wants to increase rates, avoid "hurricane tax"
Rate increase would be the highest for the company since 2009
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Rate increase would be the highest for the company since 2009
Florida Supreme Court Justice Ricky Polston is moving on, giving Gov. Ron DeSantis another opening on the Court to be filled by a nominee recommended by a Judicial Nominating Commission. Unfortunately, the JNCs were placed completely under the governor's thumb 22 years ago. Their independence should be restored.
Leaders of the state-backed Citizens Property Insurance Corp. approved a proposal Wednesday that would raise average rates by 14.2% this year, as they seek to push policies into the private insurance market.
Citizens Property Insurance is considering a rate hike for 2023 that will increase the statewide average for all Personal Line policies on Wednesday.
Rate increase proposal would need approval from the Office of Insurance Regulation before taking effect.