At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory glidepath.
But two members voted against the recommendation, bucking a trend in recent years that has strongly supported higher rates for Citizens to help drive consumers to primary market carriers. The discussion that followed focused on whether Citizens has reached a crossroads in how its rates are governed.
“We can no longer afford to increase insurance rates,” said board member Robert Spottswood, a Florida Keys real estate developer. “There…