Citizens board might delay 7.9 percent rate hike

Citizens Property Insurance is poised to delay a 7.9 percent rate increase for policyholders, after some board members suggested Tuesday another rate hike may be too soon following a May 1 increase.

The Citizens Board of Governors, which oversees the government-backed insurer that has some 443,000 policies in the state, will discuss the proposal at its Wednesday meeting in Maitland.

Read more at The Ledger