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State sets new Citizens rates

September 24, 2010 09:45AM

While state-backed property insurer Citizens Property Insurance Group
requested a statewide hike of 9.7 percent, Florida homeowners with
policies from the company will see an average increase of 10.3 percent,
Florida Insurance Commissioner Kevin McCarty announced late Thursday.
The decision to give the group more than it requested came, in part,
from risk variables like sinkholes. Mobile home owners will see their
rates rise by 9.1 percent instead of the 6.1 percent requested by
Citizens. [SFBJ]