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April 21, 2017 No Comments Backup & Restore stokedgamer

Citizens Property Insurance Corp. recently announced that it will post a $27.1 million loss for 2016. The company attributed the loss to rising legal costs and soaring claims stemming from non weather-related water claims such as burst pipes and sudden dishwasher leaks.

As we previously reported in this blog, these claims have been a longstanding controversy that has drawn the attention of Florida lawmakers, mostly due to steadily rising insurance rates.

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