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Florida insurers propose 2.6% rate drop, first since 2015, due to reforms and reduced litigation.
Florida’s Citizens Property Insurance Corp. is proposing a 2.6% average rate decrease for personal line policies in 2026, the first since 2015, potentially saving about 60% of policyholders an average of $359.
The drop follows regulatory reforms that reduced frivolous litigation and attracted 17 new private insurers, cutting Citizens’ policyholder count from 1.42 million in 2023 to 385,000 in 2024.
While most areas see lower premiums, some counties may still face increases.
Meanwhile, Miami-Dade’s Democratic Party credits grassroots organizing for recent electoral wins, including Eileen Higgins becoming Miami’s first female mayor.
Governor Ron DeSantis unveiled a $117.3 billion budget with major investments in education, infrastructure, and the Everglades.
In national politics, President Trump’s approval rating on the economy fell to 31%, the lowest in his presidency, amid declining support on immigration and crime.
Las aseguradoras de Florida proponen una caída del 2,6% en las tasas, la primera desde 2015, debido a las reformas y la reducción de litigios.