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Page A1 | e-Edition | keysnews.com

Page A1 | e-Edition | keysnews.com
keysnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keysnews.com Daily Mail and Mail on Sunday newspapers.

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New flood insurance program could cause steep rate increases

New flood insurance program could cause steep rate increases
keysnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keysnews.com Daily Mail and Mail on Sunday newspapers.

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Marathon City Council hears nature-based resort plan

Marathon City Council members heard a detailed, exciting presentation for a new nature-based resort called Valhalla Island at Tuesday’s June session. ....

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Key West files flood map appeal

Key West has filed its appeal of proposed new federal flood maps that, if approved, would significantly increase flood insurance rates for residential and commercial property owners. ....

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Keys face insurance rate increase

The state Legislature has approved a bill that would increase the annual rate cap for windstorm insurance rates for property owners in the Florida Keys covered by Citizens Property Insurance Corp.
The bill, if signed by the governor, will allow the annual rate cap of 10% for property owners to be increased by as much as 15% within the next five years.
The Monroe County government and the local insurance watchdog group FIRM (Fair Insurance Rates in Monroe) had been lobbying against increasing the cap and had requested a carve-out for Monroe County, but the request was denied by state legislators.
The county and FIRM reminded state legislators that the Citizens Board of Governors voted in favor of a carve-out for Monroe County in the rate filings presented to the Office of Insurance Regulation on March 15. However, the legislation has no mention of a carve-out for Monroe County. ....

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