Legislators are debating responses to the property insurance problems plaguing the state, and competing bills will probably mean a rise in rates for homeowners. A bill in the state House of Representatives would allow rates to rise no more than an average 20 percent a year, while a Senate bill would keep the bump to 10 percent annually. Homeowners covered by Citizens Property Insurance, the state-run insurer, would face the largest increases.
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Insurance rate hike likely
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