Florida OKs More Citizens Insurance Rate Increases

By: Associated Press
By: Associated Press

Tallahasseem FL (AP) - Florida Insurance Commissioner Kevin
McCarty has approved more rate increases for state-backed Citizens
Property Insurance Corp.
McCarty signed an order Monday letting the state's largest
property insurer raise commercial nonresidential rates in high-risk
coastal areas by 9.9 percent.
That coverage in other areas will remain unchanged as the
company did not seek an increase.
Other increases include 10.4 percent for dwelling fire coverage
typically for rental properties, 8.1 percent for commercial
residential condominiums and 11 percent for condo association
wind-only coverage.
McCarty last month announced a 10.3 percent increase for
homeowners, who account for 758,705 of Citizens' 1.2 million

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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