NU Online News Service, Nov. 11, 3:21 p.m. EST
Representatives from Citizens Property Insurance faced tough questioning from the Florida Office of Insurance Regulation over proposed rate increases for high-risk wind-only coverage, including a 7.5 percent increase for homeowners.
Other increases sought by the state-created insurer of last resort include 11.8 percent for wind damage coverage for mobile homeowners, 5.9 percent for dwelling fire, 9.6 percent for commercial property residential, and 9.9 percent for commercial non-residential.
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