Fla. largest insurer wants sweeping changes
TALLAHASSEE – Florida’s largest property insurer wants sweeping changes – including the ability to charge higher rates – in the coming year.
The board that governs Citizens Property Insurance voted Monday to ask legislators to change state law as part of an effort to shrink the size of the insurer.
Citizens officials also began discussing changes including increasing deductibles for sinkhole coverage and eliminating certain types of coverage.
The board is pushing the changes at the urging of Gov. Rick Scott. Scott is worried that Citizens would be forced to place surcharges on everyone’s insurance bill if a big storm hits.
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