NU Online News Service Citizens Property Insurance Corp.
Counting commercial lines policies, 7,213 total policies were inspected. More than 52 percent of commercial l policies were increases, with 8 percent getting a decrease.
Citizens is planning to spend about $41.4 million over the next two years inspecting 44,220 policies. About 16 percent have been fully processed by underwriters.
According to an outline in the report, Citizens expects a premium gain of $19 million in 2011 and $124 million in 2012 for a total of $143 million. Minus expenses, the net result is $101.6 million.
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