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Press Release

Commissioner McCarty Issues Order Establishing Citizens Property Insurance Corp.'s Rates
Thursday, September 23, 2010
Contact Info:

Jack McDermott
Brittany Benner
850 413-2515
850 413-2515

Florida Insurance Commissioner Kevin McCarty today signed an Order establishing Citizens Property Insurance Corp.'s (Citizens) rates for some lines of business.
 
The effective date for Personal Lines Account is January 1, 2011; the effective date for High Risk Accounts is February 1, 2011.
 
A public rate hearing was held in the Tallahassee on September 7, 2010. The final rates are similar to the requested rates, although the Office did make minor adjustments.
 
The following are the approved statewide average rate increases included in the order:
 
Personal Lines Accounts (PLA) and High Risk Accounts (HRA):
 
Homeowners: 10.3 percent approved     [Citizens filed 9.7 percent]
Mobile Home: 9.2 percent approved     [Citizens filed 7.4 percent]
 
Mobilehome Physical Damage for Personal Lines Accounts (PLA) and High Risk Accounts (HRA):
 
Mobile Home: 9.1 percent approved   [Citizens filed 6.1 percent]
 
Additional filings for the Dwelling Fire and Commercial Property were submitted separately. The Office is in the process of reviewing those filings, and a determination will be made in the form of a subsequent Order within the required 45-day period. 
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Contact Info:

Jack McDermott
Brittany Benner
850 413-2515
850 413-2515

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) 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.

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