Florida Citizens seeks average rate hikes of 14.2%
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Florida Citizens seeks average rate hikes of 14.2%

citizens logo houses.jpg

The board of Citizens Property Insurance has recommended average statewide rate increases of up to 14.2%, reflecting reinsurance costs, litigation and recent legislative reforms.

The recommendations await approval from the Florida Office of Insurance Regulation (Floir).

Homeowners’ rates would increase by an average of 13.9%,

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