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Florida Home Writers Face Surcharge

Florida's homeowners' insurance writers face a 6.8 percent premium assessment to make up for the deficit run by the state's homeowners' insurer of last ...

By Steve Tuckey | Updated on February 25, 2005

Florida’s homeowners’ insurance writers face a 6.8 percent premium assessment to make up for the deficit run by the state’s homeowners’ insurer of last resort.

Citizens Property Insurance Corp. ran a $515.5 million deficit in 2004, primarily as a result of the record four storms that struck the state last year, said spokesman Justin Glover.

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