Out today more bad news… I expect this to help drive even more people from Florida.
Citizens insurance premiums could jump 20 percent
In Print: Friday, January 23, 2009
Senate President Jeff Atwater, R-North Palm Beach, said Thursday that legislators will let a three-year rate freeze for homeowners with policies under state-run Citizens expire this year. That means homeowners will start seeing higher bills — perhaps up to 20 percent higher — starting in 2010.
“We will have to allow Citizens’ rates to begin to move closer to market-driven rates,” Atwater said. “I will do so carefully and thoughtfully so that there’s not an extraordinary knee-jerk that falls on the citizens of Florida that are so dependent on Citizens coverage.”