The Office of Insurance Regulation will hold a public hearing next month in Tampa on proposed increases in homeowners and sinkhole insurance rates for the state's largest insurer that have stunned some customers with their magnitude.
The sinkhole coverage increases proposed by state-backed Citizens Property Insurance Corp. range from no increase in some areas of the state to a proposed average increase of 2,226 percent in the Orlando area. Statewide, the proposed sinkhole premium increase is nearly 450 percent.
