Rates rise after legislation

The Florida Legislature reversed course in its laws on property insurance rates, removing caps and passing laws that will see rates rise an average of 10 percent. A recap of vital information follows: state-backed Citizens Property Insurance estimates policyholder premiums in Broward County must increase by anywhere from 15 percent to 85 percent, and a major hurricane that triggers deficits in the catastrophe fund could push policyholders up to 10 percent a year statewide.

Sign Up for the undefined Newsletter