After language was stricken from the House omnibus insurance bill requesting a reduction in the limit for Citizens’ rate increases for Monroe County, Sen. Anitere Flores and Rep. Holly Raschein both introduced bills bringing the discussion back to the table.

Both bills, SB1476 and HB1145, include language that specify a limit on rate increases in Areas of Critical State Concern/Monroe County.  Currently the limit is set at 10% and both bills seek a reduction to 5% for at least 5 years. 

Since 2004 Monroe County policyholders have paid Citizens $805 million in premiums over claims, according to data provided to FIRM from Citizens. That number includes Wilma and Irma claims.

With many Monroe County residents continuing to recover from hurricane Irma, Sen. Flores and Rep. Raschein are urging their fellow legislators to ease the burden on a community facing a housing availability and affordability crisis. The United Way’s ALICE (Asset Limited Income Constrained Employed) report found that “the high cost of housing is the biggest driver of budget” for Monroe County households. The backbone of our communities–teachers, police officers, firefighters, healthcare workers–are struggling to get by and many are choosing to leave.

FIRM applauds Sen. Flores and Rep. Raschein for standing up for Monroe County.

Featured above, Sen. Anitere Flores, FIRM Board Secretary Theresa Faber, and Rep. Holly Raschein.

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