rates

State-backed Florida home insurance to raise rates 14%

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Florida’s government-backed home insurance company is planning to raise rates by 14% — another blow to more than a million residents of the hurricane-ravaged state that is saddled with some of the highest premiums in the country. Citizens Property Insurance Corp.’s board of governors voted unanimously Wednesday to raise rates for next year — despite … Read more

Bank of England keeps rates steady despite slower inflation

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The Bank of England kept interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5.25 percent, where they have been for 10 months. Officials said high rates were working and cooling the labor market, reducing price … Read more