The Florida Office of Insurance Regulation (OIR) has scheduled a public hearing on August 1st to discuss a proposal by Citizens Property Insurance Corp. that could lead to double-digit rate increases for policyholders in 2025. The proposal, approved by the Citizens Board of Governors last month, includes an average 13.5% increase for homeowners’ “multi-peril” coverage and a 14.2% increase for condominium-unit owners. Across all personal lines of insurance, the average increase would be 14%. Read: Florida GOP Slams State Dem Chair Nikki Fried For ‘Backroom Deal’ On Kamala Harris Endorsement The…
