Florida’s Citizens Property Insurance Board Votes to Postpone Rate Cap Elimination Pending Further Actuarial Study
Apr 26, 2012
At its meeting today, April 26, 2012, Citizens Property Insurance Corporation’s Board of Directors postponed a measure to eliminate a 10 percent cap on rate increases for new customers beginning January 1, 2013.
Instead, Board Members voted to refer the issue for further actuarial study as to its impact.
A full report on the meeting will be forthcoming this afternoon from the Colodny Fass representative in attendance.
Should you have any questions or comments, please contact Colodny Fass.
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