Citizens approves 5.3% rate hike and policy changes

Florida's Citizens has outlined rate rises and policy
changes for 2018 in response to the ongoing assignment of benefits
(AOB) crisis.
The state-backed insurer said its board of governors today
recommended a 5.3 percent statewide increase for personal lines
policyholders, including homeowners, condo unit owners and
renters.
It added that most increases are concentrated in the three South
Florida counties where water losses, AOB abuse and litigation are
disproportionately severe.
Homeowners in Mi