Florida regulators reject Citizens’ 14% rate hike request, approve pared down level
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Florida regulators reject Citizens’ 14% rate hike request, approve pared down level

Citizens approved an average 8.6% rate hike and decreases for one-fifth of policyholders.

By Clark Mindock
February 10, 2025
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The Florida Office of Insurance Regulation (Floir) has approved an average 8.6% rate hike for Citizens’ homeowner policies, instead of the 14% hike the carrier had applied for, according to the agency.

The

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Topics

News Regulation Personal lines Florida Florida Citizens
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