Citizens insurance customers area residents who face prodigious rate hikes for sinkhole coverage will get their opportunity to vent Tuesday afternoon in Tampa, when the Office of Insurance Regulation hosts a public meeting scheduled for 4:00 p.m. at the Tampa Convention Center.
The Office of Insurance Regulation is considering Citizens’ recent application for sinkhole rate increases that will reach up to – seriously – 2,000 percent in some counties. The average statewide average increase is set at 429 percent.
This article appears in Sep 8-14, 2011.