Florida Office Of Insurance Regulation Announces Public Hearing Regarding Cincinnati Homeowners’ Rate Request
Contact: Valerie Beynon, APR
Tallahassee – The Florida Office of Insurance Regulation has announced a public hearing regarding a proposed rate increase filed by Cincinnati Indemnity Company and Cincinnati Insurance Company. The rate filing is for Cincinnati's Homeowners Insurance Programs.
Cincinnati's filing requests an average statewide rate increase of 36.7%. The average rate change varies by county from 0% in Hardee, Lafayette and Okeechobee counties to 40.4% in St. Johns County. A list of average county rate changes is included with this notice.
The Florida Administrative Code (Rule 69O-166.051, F.A.C.) requires a public hearing to be held when a rate filing exceeds 25%. Cincinnati's rate filing meets this criteria.
All Cincinnati policyholders and interested parties are invited to attend the hearing. The hearing will take place from 4-7 p.m., on Wednesday, June 22, 2005 at the Sarasota-Bradenton International Convention Center on 8005 15th St. East in Sarasota due to the high number of affected policyholders in that area.
For more information on this hearing, please call the Florida Department of Financial Services Consumer Helpline at 1-800-342-2762.
Pursuant to the provisions of the Americans With Disabilities Act, any person requiring special accommodations to participate in this hearing should advise the Office of Insurance Regulation at least 5 calendar days before the hearing, by contacting the number listed above.