Fla. Last-Resort Rates Up

Hemenway, Chad
December 2009
Best's Review;Dec2009, Vol. 110 Issue 8, p10
Trade Publication
The article reports that the legislation signed by Florida Governor Charlie Crist in May 2009 will allow the last-resort insurance rates of Citizens Property Insurance Corp. to increase at up to 10% per year. Approval has already been given by Insurance Commissioner Kevin McCarty. About 720, 000 policyholders will be affected by the increases starting January 1, 2010.


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