A task force is recommending that Citizens Property Insurance be allowed to end a three-year rate freeze and start aggressively hiking homeowner rates.
The task force recommended that the Legislature caps Citizens' annual rate increase to 10 percent on average statewide. They are urging that Citizens' begin raising rates in January 2010.
It seems a bit ironic that this news is coming now considering that I just read last week that the weather gurus are predicting an active hurricane season for 2009.
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