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Citizens Property Insurance Corporation (Citizens) Public Rate Hearing

The Florida Office of Insurance Regulation (Office) conducted a rate hearing to receive public comment for Citizens’ proposed rate changes at 4:00 p.m. on Wednesday, August 23, 2017. The hearing was held at Florida International University’s Kovens Conference Center (Biscayne Bay Campus) located in North Miami, Florida, and streamed live online via the Florida Channel website.

The purpose of the public hearing was to discuss Citizens’ proposed rate changes for its business in the Coastal Account (CA), Commercial Lines Account (CLA), and the Personal Lines Account (PLA).

These accounts included, but were not limited to: Commercial Property, Homeowners, Mobile Homeowners, and the Dwelling Fire lines of business.

ADDITIONAL HEARING INFORMATION


Kovens Conference Center, Bayview Ballroom South, Room 214A
Florida International University (Biscayne Bay Campus)
3000 NE 151st Street, North Miami, Florida 33181-3000
Driving Directions and Map

PUBLIC COMMENTS/TESTIMONY


Public comments about Citizens proposed rate filings were accepted through August 31, 2017.

Under Florida law, written communications to the Office are public record and subject to disclosure, including being available to the public and media. To learn more, visit the Office’s Internet Privacy Policy.

PROPOSED RATE LEVEL EFFECTS


The proposed Citizens rate filings listed below can be accessed via the I-File Forms & Rates Filing Search system by using the following search criteria: file log numbers (see chart below) or by entering “Citizens” as the “company name” in the “Quick Search” tab. Scroll down to the bottom of the results page for the most recent filing information.


File Log # Overall
Proposed
Rate Change
Account
Proposed Rate Filing
Exhibits
(by county, where
applicable)

17-16826

6.7%
increase

Homeowners Multi-Peril (PLA)

HO-3, HO-4, HO-6, Summary

17-16827

1.7%
increase

Homeowners Wind Only (CA)

HO-3, HO-4, HO-6, Summary

17-16966

5.2%
increase

Property/Personal (Dwelling Fire) (PLA)

DP-1, DP-3, Summary

17-16967

6.3%
increase

Property/Personal (Dwelling Fire) Wind Only (CA)

DP-3, Summary

17-17210

3.9%
increase

Mobile Homeowners Multi-Peril (PLA)

MHO-3, MHO-4, Summary

17-17211

9.8%
increase

Mobile Homeowners Wind Only (CA)

MHO-3, Summary

17-17409

7.1%
increase

Mobile Homeowners (Dwelling Fire) (PLA)

MHO-Dwelling, Summary

17-17410

10%
increase

Mobile Homeowners (Dwelling Fire) Wind Only (CA)

MHO-Dwelling, Summary

17-18043

4.8%
increase

Commercial Property Residential Multi-Peril (Condo Assn.)(CLA)

Summary

17-18044

4.7%
increase

Commercial Property Residential Multi-Peril (Ex. Condo Assn.) (CLA)

Summary

17-18234

8.1%
increase

Commercial Property Non-Residential Multi-Peril (CLA)

Summary

17-18869

10.3%
Increase

Commercial Property Residential Wind Only (Condo Assn.) (CA)

Summary

17-18870

9.8%
Increase

Commercial Property Residential Wind Only (Ex. Condo Assn.) (CA)

Summary

17-18965

9.4%
Increase

Commercial Property Non-Residential Wind Only (CA)

Summary

There are no proposed rate changes for Sinkhole coverage and the requested rate increases in the chart above are not uniform. The effective date of the proposed rate changes for all three accounts (Coastal, Commercial Lines, and Personal Lines) is February 1, 2018, for new and renewal business.

CONTACT INFORMATION


Communications Office
Main Press Line: (850) 413-2515
Email: press@floir.com