Insurance showdown
Category Insurance | Thursday, July 29th, 2010Florida residents are crossing their fingers no hurricanes target the state this year as we enter the heart of the season.But there’s a different kind of storm brewing that could be brutal on your wallet.It’s rate hike request time for many property insurance carriers, including Citizens, Florida’s public insurer of last resort.Citizens’ governing board announced Monday it will seek an average 8.5 percent rate increase statewide, but homeowners in coastal Brevard County could see policies jump 10.5 percent next year.