News

Florida's insurer of last resort, Citizens Property Insurance Corp. made a case to regulators Thursday for double-digit rate increases for Citizens customers across the state.

The proposed increases would vary based on factors such as types of policies. Brian Donovan, the chief actuary for Citizens, said that Citizens is recommending 12% increases for all homes that are primary residences and have what are known as multi-peril policies. These are the most-common type of coverage.