Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Appointed and elected officials, property owners, and insurance groups in Florida continue to take sides in the ever-widening sinkhole debate. Citizens Property Insurance Corp., the state-created insurer with almost 1.4 million policyholders, has proposed rate increases for sinkhole coverage that supporters say are necessary and opponents call grossly excessive.

By law, Citizens cannot raise its rates by more than 10 percent a year. However, legislators passed SB 408 during the 2011 session, which excludes sinkhole coverage from that cap.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.