The Citizens Board of Governors met on December 16 to discuss Citizens business, including rate recommendations, for 2021.

According to the press release issued by Citizens, “Among those recommendations is a suggestion also raised by Senator Jeff Brandes, R-St. Petersburg, that Citizens charge new customers actuarially sound rates instead of glidepath-capped rates available to renewal policyholders.”

In other words, the 10% glidepath that caps the amount by which Citizens can increase rates each year will be eliminated on new policies if the legislation passes.

Monroe County residential rates have not had an increase since 2017 thanks to FIRM’s efforts. Prior to 2017, Citizens regularly recommends nearly the full 10% increase on Monroe County policies.

We encourage everyone to stay informed and continue to support FIRM in its fight on behalf of all Monroe County residents.

Read the full press release here on the Citizens website.

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