Fla. Lawmakers Likely To Consider Citizens Rate Increase
|By Charles Elmore, The Palm Beach Post, Fla.|
|McClatchy-Tribune Information Services|
"That's very roughly what we should be shooting for," Gilway told the
Gilway said he supports a "moderate" approach on rates that takes into account the economic impact in
But a drumbeat of calls to hike rates and slash coverage at Citizens continues. Rep.
Industry groups warn of potential assessments after, say, a 1-in-100 year storm and have supported moves they say could attract more private capital to the market, such as shrinking the state's
Some environmental groups endorse higher rates to discourage building in coastal areas.
But the state's chief financial officer,
"We're really dealing with something very fragile -- the well-being of our fellow Floridians and a very modest economic recovery," Atwater said.
"To increase the cap is wrong," Fasano said.
Citizens is already getting smaller through existing programs to move customers to private carriers.
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