Miami Legislators Blast 30% Proposed Home Insurance Hike

Law360, New York (June 19, 2012, 3:05 PM ET) -- Florida's Miami-Dade County decided Tuesday morning to publicly oppose state-chartered Citizens Property Insurance Corp.’s proposed real estate insurance rate hikes for new policies, which average 30 percent, and asked state lawmakers to halt the organization's plans.

In a unanimous vote, the board of county commissioners passed a resolution decrying the rate hikes and urging the Florida Office of Insurance Regulation to disapprove the rate change request, as well as asking legislators to officially step into the matter. The home insurance organization has proposed increasing its rates...
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