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Citizens Property Insurance approves 2023 rate hike, future hikes likely

Summary by Ground News
The Citizens Property Insurance Corp. Board of Governors will consider a plan Wednesday. The plan would lead to a 12 percent increase, effective Nov. 1, for people whose homes are their primary residences. The increase would go to 13 percent for such customers effective Jan. 1. If backed, the plan would need approval from the state Office of Insurance Regulation.

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FOX13news broke the news in Florida, United States on Wednesday, March 29, 2023.
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