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Citizens Property Insurance Corporation

Officials Urge Phase-In of Citizens Sinkhole Rate Change

Officials Urge Phase-In of Citizens Sinkhole Rate Change

Citizens Property Insurance Corporation got the insurance world talking recently when it announced that rates for sinkhole coverage would increase by an average of 400 percent, and by much higher amounts in certain areas. Citizens’ rate increases are capped at 10 percent per policyholder per year, but the 2011 legislature removed sinkhole coverage from the […]

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