In the News Today - June 21, 2019

June 21, 2019

Citing New Law, Florida State-Backed Insurer Proposes Lower Insurance Rates: The interim chairman of Florida’s state-backed Citizens Property Insurance company cut their proposed average rate hike of 8.2 percent for homeowners policies to 2.3 percent. He said the downgrade is “a direct result of meaningful legislative reforms passed earlier this year to combat rising premiums that have placed an increasingly heavy burden on our policyholders.” The new rates must be approved by the Florida Office of Insurance Regulation. (Tampa Bay Times)