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Citizens plans to go ahead with windstorm rate hike: Citizens policyholders should brace themselves for a second round of planned rate hikes, this one ranging from 32 percent to 67 percent.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 16-DEC-05 |
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COPYRIGHT 2005 The Miami Herald
Byline: Beatrice E. Garcia, The Miami Herald
Dec. 16--Citizens Property Insurance, the state's second-largest insurer, will go forward with a planned rate hike averaging 44.9 percent on its windstorm policies statewide. This is the second part of a premium increase that eventually will hike rates for the state-run insurer nearly 70 percent. However, homeowners in South Florida, where Citizens has more than...
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