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Citizens Homeowner Insurance rate hearing for the proposed 14% rate increase will take place on Thursday

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TALLAHASSEE, Fla — The Office of Insurance Regulation (OIR) is holding a public hearing on a proposed rate increase for Citizen Property insurance in 2025.

In June, our Nadeen Yanes reported on the 14% proposed rate hike that will impact more than one million property owners.

The Citizens Property Insurance Corporation Board approved the increase on June 19. This hearing is the next step in raising property owners' rates for 2025.

The hearing will be held on Thursday, August 1, 2024 at 1 p.m. at the 412K Knott Building, Tallahassee, but you can participate in the meeting online and by phone.

The OIR will accept public comments submitted at the rate hearing or emailed to them until August 15.

For more information on the meeting, click on this link

Send us your comments and questions
Would you appear on camera?

“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”

South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.

Lawmaker looks to ban HOAs