FIC: Citizens Property Rate Glidepath Reduced to 5% In Keys
By: Katrina Callaway, FIC General Counsel 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 the Florida Keys under an amended bill approved on March 25, 2019 by the Senate Banking and Insurance…