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Fishkind Conversations: A Flood Of Water Damage Lawsuits Gets Blame For Rate Hike, Says Florida Insurer


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90.7's economic analyst Dr. Hank Fishkind, President of Fishkind and Associates

90.7's economic analyst Dr. Hank Fishkind, President of Fishkind and Associates

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Citizens Property Insurance Company has announced an eight percent rate hike for Florida homeowners’ policies. The state insurer of last resort says a process called “assignment of benefits” is to blame for the rate increase.

Economic analyst Hank Fishkind tells 90.7’s Nicole Darden Creston that process is most common in South Florida, where a flood of lawsuits related to water damage claims is drawing scrutiny from Citizens.

Fishkind starts by describing how an “assignment of benefits” works.

Click the Play Audio button above to hear their conversation.


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Nicole Darden Creston

About Nicole Darden Creston

All Things Considered Host and Reporter

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined WMFE in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from ... Read Full Bio »

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