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Citizens Ins.: Steep Rate Hikes Would Discourage New Customers

The Fla.-owned “insurer of last resort” met Wed., with the board saying it intended to aggressively get smaller. Chairman Carlos Beruff called current rates artificially low; CEO Barry Gilway said new policies are cheaper than 91% of policies in the private market. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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