Citizens chooses higher rate hikes for South Florida than its own numbers indicate
Briefly

The cost to keep state-owned Citizens Property Insurance Corp. as your insurer will rise by 14% in 2025 if state insurance regulators agree with rate hikes...
In its quest to reduce the number of policyholders from the current 1.2 million, Citizens approved the 14% maximum rate increase allowed by state law during a hearing that lasted less than 30 minutes...
Condominium rates would increase by 14.3% in Broward County, 14.5% in Palm Beach County and 14.2% in Miami-Dade County...
Responding to a South Florida Sun Sentinel story outlining the proposed rate increases, Luz Green, a Florida Atlantic University student, noted that the increase could help quash her dream of owning her own home someday...
Read at Sun Sentinel
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