Mild hurricane season won't save homeowners from higher insurance rates
Hurricane season has spared Florida homeowners so far this year, but they'll have trouble dodging a more imminent threat: hefty increases in insurance rates. A half-dozen property insurers have recently filed or been approved for rate increases from 7 to 19 percent. Including a pending rate hike by Citizens Property Insurance and discarded discounts by State Farm, Floridians insured by four of the five biggest property insurers could face steeper premiums. And more insurers are expected to follow suit.
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