FL Property Insurer to Hear Presentaion on Rate Increase

By: AP Email
By: AP Email

ORLANDO, FL -- The board of directors for the state's largest property insurer is set to hear a presentation on increasing its rates.

At Tuesday's Orlando meeting, the board that oversees operations of the state-backed Citizens Property Insurance Corp. will watch a power-point presentation on its sinkhole losses this year.

The board held an emergency conference call last month and voted to cap rate hikes for sinkhole coverage at 50 percent in 2012 and then phase in future increases over the next several years.

But just one week later, state regulators signed off on a statewide average of 6.2 percent for standard coverage and a cap of 32.9 percent for sinkhole policies.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 131579703 - wctv.tv/a?a=131579703
Gray Television, Inc.