After three flat years, the rates charged by Citizens Property Insurance Corp. appear likely to go up sometime in early 2010.
Despite some lingering political opposition, many Republican lawmakers, and just as importantly Gov. Charlie Crist, have conceded the need for Citizens to charge actuarially sound rates as required by state law.
While the 2009 session is far from over, an effort to extend the current Citizens' rate freeze has made little headway so far. The bill filed by State Sen. Mike Fasano (R-New Port Richey), and Rep. Eduardo Gonzalez (R-Hialeah Gardens), would keep in place Citizens' rates until January 2011.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
