Florida regulators have approved a first round of rate changes for the state-backed property insurer that include an 8.3 percent increase in condominium association multiperil policies. Citizens Property Insurance Corp. was also granted an 8.6 percent increase in rates for …
Florida condominium buildings that rent out 25 percent of their units will see no rate increase for now despite playing a key role in the state’s largest property insurer’s plan to reduce its policy count. Since last month, Gov. Rick …
Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp., the state’s largest homeowners market with 1.5 million homeowners, is permitted by …
