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Sinkhole insurance rates, Fasano's letter to Insurance Commissioner McCarty, and OIR Rate Compare Site's Return

Sinkhole property damage in Willow Sink, Fla. Photo Credit: LoneGunMan

SINKHOLE INSURANCE ... The Citizens Board of Governors voted to increase rates for sinkhole insurance today. The St. Petersburg Times reports that the rate hikes proposed for sinkhole insurance will force many holders to drop their sinkhole coverage. The Times also printed an editorial today that said the Citizens Property Insurance rate hikes are the "quickest way to squash the anemic economic recovery in Florida."  The Heartland Institute released a statement praising the rate increase.

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Filed in: Insurance
Tags: Sinkholes
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