Florida Gov. Charlie Crist says he’s OK with Citizens Insurance raising its property insurance rates. But not by too much.
Crist said he didn’t favor rates be increased dramatically, but that he wanted to be sure the state-backed insurer remains solvent because so many people depend on it. Citizens carries roughly 1.1 million policies.
Citizens’ rates have been frozen for three years but are scheduled to increase in early 2010 unless state lawmakers intervene. A bill to continue the rate freeze has been filed this session, but has not been heard by lawmakers.
Crist campaigned on having property taxes drop like a rock while keeping homeowner insurance rates down as well.
Topics Trends Florida Pricing Trends Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
