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Crist Okays Citizen Rate Hike

March 10th, 2009 by flanews

Governor Charlie Crist says hes fine allowing the rate freeze to expire on Citizen Property Insurance.

Policy rates for the state-run property insurer have been frozen since 2006. Lawmakers dont seem poised to take up a bill to extend the freeze until 2010. Crist said lifting the rate increase ban could make Citizens stronger.

Im confident in Citizens, I think they are viable. I think they are stable. I think they are a lot better than some other insurance companies, but I want to make sure they continue, thats all, said Crist.

If the freeze sunsets Citizens rates could go up 20 percent next year.

Posted in Charlie Crist, Housing, Insurance | No Comments »

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