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Citizens Property Insurance Corporation Public Rate Hearing 2019


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 2019 rate hearing are available below.

2019 Citizens Rate Hearing

 

The Florida Office of Insurance Regulation (OIR) conducted a rate hearing to receive public comment for Citizens’ proposed rate changes at 5:00 p.m. on Thursday, March 14, 2019. The hearing was held at Florida International University’s Kovens Conference Center (Biscayne Bay Campus) located in North Miami, Florida.

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

 

The general public was welcomed to submit comments about Citizens’ revised proposed rate filings by email. Comments were accepted for consideration on rate filings until 5:00 p.m. (Eastern Time) on July 17, 2019. Under Florida law, written communications to the OIR are public record and subject to disclosure, including being available to the public and media.

On June 19, Citizens announced that their Board had approved revised 2019 rates which show an impact of Assignment of Benefits (AOB) reforms. The revised proposed Citizens rate filings listed below can be accessed via the IRFS Forms & Rates Filing Search system
File Log #

Overall
Proposed
Change

AccountProposed Rate Level Effect by
Territory and Country
19-123770 2.6% increaseHomeowners Multi-Peril (PLA)HO-3, HO-4, HO-6, Summary
19-123769 8.5% increase Homeowners Wind Only (CA) HO-3, HO-4, HO-6, Summary
19-123899 8.5% increase Property/Personal (Dwelling Fire) (PLA) DP-1, DP-3, Summary
19-123901 8.0% increase Property/Personal (Dwelling Fire) Wind Only (CA) DP-3, Summary
19-123930 0.8% increase Mobile Homeowners Multi-Peril (PLA) MHO-3, MHO-4, Summary
19-123932 9.8% increase Mobile Homeowners Wind Only (CA) MHO-3, Summary
19-123951 8.0% increase Mobile Homeowners (Dwelling Fire) (PLA) MHO-Dwelling, Summary
19-123952 9.6% increase Mobile Homeowners (Dwelling Fire) Wind Only (CA) MHO-Dwelling, Summary
19-123233 Commercial Property Residential Multi-Peril (Condo Assn.)(CLA)5.3% increase Summary
19-123232 5.0% increase Commercial Property Non-Residential Multi-Peril (CLA) Summary
19-123238 5.0% increase Commercial Residential Multi-Peril(CLA)Summary
19-123239 10.5% increase Commercial Property Residential Wind Only (Condo Assn.) (CA)Summary
19-123240 10.0% increase Commercial Property Residential Wind Only (Ex. Condo Assn.) (CA)Summary
19-123271 +10.0%Commercial Property Non-Residential Wind Only (CA)Summary

 

File Log #

Overall
Proposed
Change

AccountProposed Rate Level Effect by
Territory and Country
19-008108.5% increase Homeowners Multi-Peril (PLA)HO-3, HO-4, HO-6, Summary
19-008118.7% increase Homeowners’ Multi-Peril (CA)HO-3, HO-4, HO-6, Summary
19-00843 8.7% increase Property/Personal (Dwelling Fire) (PLA)DP-1, DP-3, Summary
19-00844 8.2% increase Property/Personal (Dwelling Fire) Wind Only (CA)DP-3, Summary
19-00931 1.6% increase Mobile Homeowners Multi-Peril (PLA)MHO-3, MHO-4, Summary
19-00932 9.8% increase Mobile Homeowners Wind Only (CA)MHO-3, Summary
19-00955 8.0% increase Mobile Homeowners (Dwelling Fire) (PLA) MHO-Dwelling, Summary
19-00956 9.6% increase Mobile Homeowners (Dwelling Fire) Wind Only (CA) MHO-Dwelling, Summary
19-00251 5.3% increase Commercial Property Residential Multi-Peril (Condo Assn.)(CLA) Summary
19-00252 5.0% increase Commercial Property Residential Multi-Peril (Ex. Condo Assn.) (CLA) Summary
19-00275 5.0% increase Commercial Property Non-Residential Multi-Peril (CLA) Summary
19-00387 10.5% increase Commercial Property Residential Wind Only (Condo Assn.) (CA) Summary
19-00388 10.0% increase Commercial Property Residential Wind Only (Ex. Condo Assn.) (CA) Summary
19-00470 10.0% increase Commercial Property Non-Residential Wind Only (CA) )Summary