The Brief
- Rates for Citizens Property Insurance customers will go up an average of 6.6 percent statewide.
- The Florida Office of Insurance Regulation trimmed proposed rate increases submitted last year.
- Changes will take effect on June 1.
TALLAHASSEE, Fla. – Florida regulators have approved new rates for the state’s Citizens Property Insurance Corp., with premiums for the most-common type of homeowners policy increasing by a statewide average of 6.6 percent.
The Florida Office of Insurance Regulation trimmed proposed rate increases that Citizens submitted last year. Also, Gov. Ron DeSantis said Wednesday that many Citizens customers in Miami-Dade and Broward counties will see decreases.
By the numbers:…