NU Online News Service, May 28, 2:23 p.m. EDT

Florida Governor Charlie Crist yesterday signed into law a measure that could raise homeowners insurance rates up to 10 percent for policyholders with the state-created Citizens Insurance Corp.

The Senate Sponsor of HB 1495, Senator Garrett Richter, R-Naples, said during Senate discussion of the bill that Citizens premiums are not adequate to cover potential losses in the event of a major hurricane.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.