Citizens Rate Hearing
Florida Insurance Commisioner David Altmaier issued the final order regarding Citizens Property Insurance Corporation rate filing.
Citizens’ request to remove the 10% rate cap and the inclusion of a risk factor provision were both denied, resulting in overall lower rates than requested. Read more...
Windstorm Legislation
As the Florida Legislature attempts to rein in “runaway litigation” against property insurers, proposals within the proposed legislation will negatively impact residents of Monroe County.
Monroe County Legislative Director Lisa Tennyson is hoping to have HB 305 amended to carve Monroe County out of Citizens increased rate caps. The County legislative team is working with Rep. Mooney on this. They are also working on the companion bill on the Senate side (SB 76), and have reached out the Senate bill sponsor on a carve-out amendment. Outcomes are yet to be determined. Read more...
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