Property Insurance Rates

New plan could result in double-digit property insurance rate increase for millions of Floridians

Florida's Office of Insurance Regulation is considering a proposal to increase property insurance rates for Citizens policyholders. The governing board approved an average 14% increase for over a million policyholders in June. The proposed rates include a 13.5% rise for homeowners and a 14.2% increase for condo owners. Citizens aims to become less competitive with the private market, citing fraud...