Massive insurance rate hike in works | pnj.com | Pensacola News Journal

Massive insurance rate hike in works | pnj.com | Pensacola News Journal: "TALLAHASSEE — The House is primed for a final vote Friday on a bill that would raise rates for 1.1 million Citizens Property Insurance policyholders up to 20 percent a year for years to come.

It could be worse. When the six-year freeze on state-run Citizens rates expires next year, the company is required to charge enough to cover its potential hurricane losses — the actuarially sound rate."