TALLAHASSEE, Fla. (AP) — Florida's largest property insurer plans to drop its rates next year.
The board for Citizens Property Insurance voted Wednesday to lower rates by an average of 3.2 percent for single family homeowners in 2015. The state-created insurer says that nearly 70 percent of those with homeowner policies should see some sort of decrease.
Citizens, which has more than 928,000 policyholders, has raised its rates for four straight years.
The decision to lower rates, which still must be approved by state regulators, is coming during an election year.
But company officials maintain several factors have diminished the need for rate hikes next year. The state has not been hit with a hurricane since 2005.
Some customers, including those who live near the coast, will still pay more in the coming year.
Retailer may not have to honor online mistake
With more shoppers buying items online, how do you know your order will be as advertised? The Consumer Watchdog found a retailer may not be…
Fort Pierce restaurants shut down for roaches
Two restaurants in Downtown Fort Pierce were shut down recently for roaches, and a third a few months ago. See what inspectors found at your…
Restaurants caught breaking the rules
If there's a rule and no one follows it, and no one enforces it is it still a rule? The Consumer Watchdog looks at an ordinance that…
Restaurants fined for repeat kitchen violations
See if your favorite restaurant was fined for repeat problems in the kitchen.
Stephen Bonanno Sandals responds to complaints
After the Consumer Watchdog reported the Attorney General is investigating Stephen Bonanno Sandals, he's been active on Facebook…