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Citizens board approves proposed rates for 2019

Citizens Property Insurance Corp.'s board has approved a statewide average rate increase of 8.2% for 2019 for personal lines policyholders.

Citizens had previously deferred action on 2019 proposed rates until December, a decision taken to give water-loss policy language changes time to take effect and to provide South Florida policyholders more time to recover from Hurricane Irma.

The rates will be effective for new and renewal policies beginning Sept. 1, 2019, if the state regulator approves them.