The board of Florida's state-backed insurer Citizens has approved statewide rate increases of 6.8 percent for personal lines policyholders in 2017, as it pointed to rising non-weather water losses and assignment of benefit (AOB) abuse.
The board of Florida's state-backed insurer Citizens has approved statewide rate increases of 6.8 percent for personal lines policyholders in 2017, as it pointed to rising non-weather water losses and assignment of benefit (AOB) abuse.