NU Online News Service, Sept. 24, 3:30 p.m. EDT
The Florida Office of Insurance Regulation (OIR) has approved an average statewide homeowners insurance rate increase for Citizens Property Insurance Corp. of 10.3 percent–slightly more than the state-run insurer asked regulators to approve.
In August, Citizens asked for a 9.7 percent average homeowners rate increase. The insurer also got more than the 7.4 percent increase requested for mobile homeowners insurance, with the OIR approving a 9.2 percent increase.
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