Florida insurance rate relief announced by Ron DeSantis.

Officials said Citizens Insurance will cut rates by an average of 8.7% statewide and by 13.4% in South Florida following statewide reforms.

Officials in Davie announced insurance rate reductions tied to statewide reforms. The reforms were enacted to stabilize Florida's insurance markets and to curtail legal abuse. Citizens Insurance, the state's largest insurer, is implementing an average statewide rate cut of 8.7% and a 13.4% average reduction in South Florida. Other insurers also announced rate cuts. Reported details: - Citizens Insurance customers will see an average statewide rate reduction of 8.7%. - South Florida policyholders with Citizens will see an average reduction of 13.4%. - Peninsula is reducing homeowners' insurance rates by 8.2%. - State Farm is reducing auto insurance rates by 10%. - The announcements followed statewide reforms described as aiming to stabilize markets and curb legal abuse. Summary: The announced reductions lower premiums for affected policyholders, with larger decreases reported in South Florida and from certain insurers. Other companies named in the announcements include Peninsula and State Farm. Undetermined at this time.