search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
South Florida

Citizens readies rate hikes

Sign Up for the undefined Newsletter

Citizens Property Insurance plans to hike homeowner rates by as much as 10 percent at the start of next year. The Office of Insurance Regulation today held a hearing on the proposed increases, which state-backed Citizens said it needs to build up reserves against possible storm damage claims in the future. Most South Florida homeowners can expect increases close to 10 percent, but statewide hikes won’t be as large: about 5 percent for homeowners who live in their home; 9 percent for coverage for homeowners with tenants; and 10 percent for condominium buildings. [Palm Beach Post]