Citizens Property Insurance Corporation Public Rate Hearing 2017
OIR conducts a public rate hearing regarding the Citizens Property Insurance Corporation (Citizens) rate filing to hear testimony from the company and receive public comment. Details regarding the 2017 rate hearing are available below.
2017 Citizens 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.
Public Comments / Testimony
Public comments about Citizens proposed rate filings were accepted through August 31, 2017.
|17-16826||Homeowners Multi-Peril (PLA)||+6.6%||206,173||$411,845,347|
|17-16827||Homeowners Wind Only (CA)||+0.9%||82,143||$180,948,822|
|17-16966||Property/Personal (Dwelling Fire) (PLA)||+5.2%||122,679||$177,174,714|
|17-16967||Property/Personal (Dwelling Fire) Wind Only (CA)||+4.6%||16,454||$39,027,800|
|17-17210||Mobile Homeowners Multi-Peril (PLA)||+3.9%||18,512||$15,874,244|
|17-17211||Mobile Homeowners Wind Only (CA)||+9.8%||3,931||$3,539,489|
|17-17409||Mobile Homeowners (Dwelling Fire) (PLA)||+7.1%||32,027||$13,445,569|
|17-17410||Mobile Homeowners (Dwelling Fire) Wind Only (CA)||+10.0%||428||$367,453|
|17-18043||Commercial Property Residential Multi-Peril (Condo Assn.) (CLA)||+4.8%||954||$28,957,369|
Commercial Property Residential Multi-Peril (Ex. Condo Assn.) (CLA)
Commercial Property Non-Residential Multi-Peril (CLA)
Commercial Property Residential Wind Only (Condo Assn.) (CA)
Commercial Property Residential Wind Only (Ex. Condo Assn.) (CA)
Commercial Property Non-Residential Wind Only (CA)
|File Log #|
|Account||Proposed Rate Level Effect by|
Territory and Country
|17-16826||+6.7%||Homeowners Multi-Peril (PLA)||HO-3, HO-4, HO-6 (PLA)|
|17-16827||+1.7%||Homeowners’ Multi-Peril (CA)||HO-3, HO-4, HO-6 (CA)|
|17-16966||+5.2%||Property/Personal (Dwelling Fire) (PLA)||DP-1, DP-3 (PLA))|
|17-16967||+6.3%||Property/Personal (Dwelling Fire) Wind Only (CA)||DP-3 (CA)|
|17-17210||+3.9%||Mobile Homeowners Multi-Peril (PLA)||MHO-3, MHO-4 (PLA)|
|17-17211||+9.8%||Mobile Homeowners Wind Only (CA)||HO-3 (CA)|
|17-17409||+7.1%||Mobile Homeowners Physical Damage (CA)||MHPD – Dwelling (CA)|
|17-17410||+10%||Mobile Homeowners Physical Damage Wind Only (PLA)||MHPD – Dwelling (PLA)|
|17-18043||+4.8%||Commercial Residential Multi-Peril (CLA)||CRM Non-Condo (CLA)|
|17-18044||+4.7%||Commercial Residential Multi-Peril (Condo Assn.) (CLA)||CRM Condo (CLA)|
|17-18234||+8.1%||Commercial Residential Multi-Peril(CLA)||CNRM (CLA)|
|17-18869||+10.3%||Commercial Residential Wind Only (CA)||CRW Non-Condo (CA)|
|17-18870||+9.8%||Commercial Residential Wind Only Condo (CA)||CRW Condo (CA)|
|17-18965||+9.4%||Commercial Non-Residential Wind Only (CA)||CNRW (CA)|