Citizens Property Insurance Corporation (Citizens) Public Rate Hearing
FOR IMMEDIATE RELEASE
August 14, 2017
Amy Bogner/Karen Kees
Citizens Property Insurance Corporation (Citizens)
The Florida Office of Insurance Regulation (Office) will conduct a rate hearing to receive public comment on Citizens’ proposed rate changes for its business in the Coastal Account (CA), Commercial Lines Account, and Personal Lines Account (PLA). These accounts include, but are not limited to: Commercial Property, Homeowners, Mobile Homeowners, and the Dwelling Fire lines of business. Additional filings on behalf of Citizens will be forthcoming and evidence regarding such filings may be received at the hearing.
Listed in the chart below are the proposed rate changes (by file log number) as filed by Citizens with the Office. These filings can be accessed via the “I-File Forms & Rate Filing Search” system using the following search criteria: file log numbers (provided below) or by entering Citizens as the “company name” (and scrolling down to the bottom of the results page for the most recent filing information).
|File Log #||Overall Proposed Rate Change||Account|
|17-16826||+6.7||Homeowners Multi-Peril (PLA)|
|17-16827||+1.7||Homeowners Wind Only (CA)|
|17-16966||+5.2||Property/Personal (Dwelling Fire) (PLA)|
|17-16967||+6.3||Property/Personal (Dwelling Fire) Wind Only (CA)|
|17-17210||+3.9||Mobile Homeowners Multi-Peril (PLA)|
|17-17211||+9.8||Mobile Homeowners Wind Only (CA)|
|17-17409||+7.1||Mobile Homeowners (Dwelling Fire) (PLA)|
|17-17410||+10||Mobile Homeowners (Dwelling Fire) Wind Only (CA)|
|17-18043||+4.8||Commercial Property Residential Multi-Peril (Condo Assn.) (CLA)|
|17-18044||+4.7||Commercial Property Residential Multi-Peril (Ex. Condo Assn.) (CLA)|
|17-18234||+8.1||Commercial Property Non-Residential Multi-Peril (CLA)|
There are no proposed rate changes for Sinkhole coverage and the requested rate changes in the chart above are not uniform. The effective date of the proposed rate change for all accounts is February 1, 2018, for new and renewal business.
A copy of the hearing agenda is available for review.
The Florida Channel will stream the hearing live online via its website and a link to a video recording of the hearing will be available at a later date.
For more information, visit the Office’s “Citizens Public Rate Hearing” webpage.
Wednesday, August 23, 2017 at 4:00 p.m. (Eastern Time)
Kovens Conference Center, Bayview Ballroom South, Room 214A
Florida International University (Biscayne Bay Campus)
3000 N.E. 151st Street
North Miami, FL 33181-3000
About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm and Facebook.