NU Online News Service, Nov. 20, 3:32 p.m. EST

Florida Insurance Commissioner Kevin McCarty announced he had signed an order increasing rates for the state-created insurer of last resort's high risk accounts to make them financially adequate.

His move followed action last month when he signed an order beefing up rates for less risky properties covered by Citizens Property Insurance Corp.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.