Citizens seeks rate hike for high-risk policyholders

Citizens Property Insurance Corp. is asking the state for permission to raise its annual premiums by 7.5 percent for its more than 400,000 homeowners living in high-risk areas. The state-run insurance company of last resort will conduct a public hearing on Tuesday to discuss the rate hike request. However, no final decision is expected. The proposed rate hike includes:

* Mobile homeowners: 11.8 percent.
* Dwelling fire: 5.9 percent
* Commercial property residential: 9.6 percent
* Commercial non-residential: 9.9 percent

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