Florida's Citizens Property Insurance Board Votes to Postpone Rate Cap Elimination Pending Further Actuarial Study
Date Published: 04-26-2012
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, Talenfeld, Karlinsky & Abate representative in attendance.
Should you have any questions or comments, please contact Colodny, Fass, Talenfeld, Karlinsky & Abate.
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