OIR Issues Orders Establishing 2022 Rates for Citizens Property Insurance Corporation
Published: Jun 24, 2022
Tallahassee, Fla. – The Florida Office of Insurance Regulation (OIR) has established the 2022 personal property and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens).
OIR held a virtual public rate hearing to receive public comment on the filings on March 31, 2022. At the hearing, Citizens provided testimony in support of its rate recommendations and received comments from members of the public on the effects of the rate filings. Public comments were accepted for consideration on rate filings until April 14, 2022.
Following a review of the complete record, OIR established rates for Citizens’ Coastal Account (CA), Commercial Lines Account (CLA), and Personal Lines Account (PLA). The effective date for new and renewal rates is September 1, 2022.
Governor DeSantis' 2022-2023 Freedom First Budget Strengthens Florida Insurance Consumer Protections
Published: Jun 7, 2022
Tallahassee, Fla. – The Florida Office of Insurance Regulation (OIR) released the following statement today in support of Governor DeSantis' 2022-2023 Freedom First Budget:
“Governor DeSantis continues to demonstrate his commitment to Florida insurance consumers through the Freedom First budget. Florida has one of the largest insurance markets in the world and this budget helps strengthen consumer protections and promote a more resilient market,” said Insurance Commissioner David Altmaier.
Insurance Commissioner Altmaier Statement on Governor DeSantis Signing Senate Bill 2-D
Published: May 26, 2022
Tallahassee, Fla. - Today, Insurance Commissioner David Altmaier issued the following statement after Governor Ron DeSantis signed Senate Bill 2-D:
“Florida’s property insurance market is one of the most complex in the world and I commend the leadership of Governor DeSantis, CFO Patronis, and the Florida Legislature for tackling market challenges head on to enact historic and comprehensive insurance reform. This legislation strengthens protections for Florida insurance consumers, provides greater tools to hold insurance companies accountable, and promotes the long-term stability of our market,” said Insurance Commissioner David Altmaier.