FIC: Citizens Glidepath Reduction Ready For Senate Floor But Stalled In House
By: Katrina Callaway, FIC General Counsel SB 1476, the 10% per year rate increase limit that applies to all policyholders of Citizens Property Insurance Corporation (Citizens) will be reduced to 5% for the next two years for policyholders in Monroe County which includes the Florida Keys. The bill was approved on April 23, 2019 by…