Citizens board recommends statewide rate increases of 11% in ’22 and 12% in ’23

The board of Florida’s Citizens has recommended an across-the-board statutory maximum rate increase of 11 percent for policies renewing from 1 August to 31 December next year, and 12 percent for those renewing after 1 January 2023 in a bid to arrest the state-backed insurer’s dramatic growth rate.