State Sen. Mike Fasano is rallying Florida policyholders to join him in front of the Pasco County Government Center next Tuesday in a sign-waving protest of the proposed sinkhole rate increases sought by Citizens Property Insurance Corp.
Fasano is a New Port Richey Republican and outspoken critic of a Senate bill that passed earlier this year allowing Citizens to take any cap off sinkhole rates. He chose Pasco County for the protest since it has been ground zero for much of the recent sinkhole activity.
Citizens’ board last week said it is seeking rate increases on sinkhole policies by 30 or 40 times in some cases.
Former Insurance Consumer Advocate Sean Shaw is also participating in the protest scheduled between 4 p.m. and 6 .m. on Tuesday.
Topics Florida
Was this article valuable?
Here are more articles you may enjoy.
Lemonade Books Q3 Net Loss of $37.5 Million 
Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar 
Allstate More Than Triples Q3 Net Income to $3.7 Billion 
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk 
