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 most recent 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.
ADDITIONAL INFO
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 | Account | Proposed Rate Level Effect by Territory and Country |
| 19-123770 | 2.6% increase | Homeowners 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 | Account | Proposed Rate Level Effect by Territory and Country |
| 19-00810 | 8.5% increase | Homeowners Multi-Peril (PLA) | HO-3, HO-4, HO-6, Summary |
| 19-00811 | 8.7% 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 |