Citizens Property Insurance has proposed raising property insurance rates by an average of 25 percent for residential polices and at least 12 percent for policies that cover only windstorm damage. This latest increase request was for rates covering 2012 and was sent to state regulators this week for approval. This latest request by Citizens comes…

Insurance regulators held a hearing last week on Allstate’s request for an increase in property insurance between 31.2 percent and 35.7 percent statewide. At the same time, requesting an even higher rate for homes located in South Florida. While that request was being considered, Citizens Insurance Corp was in the process of shedding 500,000 to…