Citizens Property Insurance Corp. Credit: Google Images
The proposal, which would take effect in September 2019, will go before the Citizens Board of Governors during a meeting Wednesday.
December 11, 2018 at 12:37 PM
1 minute read
With the state-backed insurer blaming costly water-damage claims in South Florida, residential customers of Citizens Property Insurance Corp. could see an average 8.2 percent rate increase next year, according to a new proposal.
The proposal, which would take effect in September 2019, will go before the Citizens Board of Governors during a meeting Wednesday. If the board signs off, the proposal would need approval from the state Office of Insurance Regulation.
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