Most Citizens policyholders in Florida face rate increases, despite DeSantis’ comments

However, the Florida Office of Insurance Regulation clarified that only 20% of Citizens policyholders will see lower rates this year, with an average reduction of 5.6% among that segment. The remaining 80% of policyholders will experience an average rate increase of 8.6%, according to Shiloh Elliott, press secretary for the Florida Office of Insurance Regulation.