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Rep. Nelson eyes increase of Citizens' rate cap

Rep. Bryan Nelson, R-Apopka, chairs the House Insurance and Banking Subcommittee. He says his focus is to shrink state-run Citizens Property Insurance Corp. File photo by Mark Foley.

Rep. Bryan Nelson, R-Apopka, is zeroing in on raising the cap on annual increases of state-run Citizens Property Insurance Corp. rates by 3 percent.

Nelson, who chairs the House Insurance and Banking Subcommittee, cited support for a 3 percent increase in a survey conducted by the Florida Chamber of Commerce, if the extra rate increase would reduce the potential for assessments after a hurricane.

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