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Florida last-resort insurer proposes 7.5 percent
homeowners rate hike


from PropertyCasualty360.com

Florida's last-resort insurer unveiled a plan to raise homeowners' insurance rates by an average of 7.5 percent — far below actuarially sound rates in many territories. The board of Citizens Property Insurance Corp. during a workshop in Miami on July 16 revealed its plan to lawmakers, who gave mixed reactions. more


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