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Media Advisory

Citizens Property Insurance Corporation (Citizens) Public Rate Hearing
Monday, September 12, 2011
Contact Info:

Jack McDermott
(850) 413-2515
Jack.McDermott@floir.com

Who:
Citizens Property Insurance Corporation (Citizens)
What:

The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss Citizens' proposed rate increases for the Coastal Accounts, formerly known as the High Risk Accounts (HRA), and the Personal Lines Accounts (PLA). These accounts inclue, but are not limited to, homeowners' and dwelling/fire lines of business.

Citizens' proposed statewide average rate increases for its homeowners' line of business, including sinkhole, are 12.1 percent for the Coastal Account and 25.4 percent for the PLA Account. The sinkhole coverage increases range from 0 percent in Lake County to 2,226.1 percent in Orange County. A copy of the agenda is attached.

A press packet is available on the Office's website at http://www.floir.com/Sections/PandC/ProductReview/CitizensPublicRateHearing.aspx. Consumers can also visit the Office's home page (www.floir.com) and click on the box that reads "Citizens Rate Hearing Information."

Consumers can also send comments to the Office regarding the Citizens' filins by sending an e-mail to: RateHearings@floir.com, or visit the Office's website (www.floir.com) and click on the box that reads "click here to share comments about Citizens Property Insurance Rates." Please be sure to include "Citizents" in the subject line of the e-mail.​

When:
Tuesday, September 13, 2011 4:00 PM
Where:

Ballroom D (near the Franklin Street Entrance)
Tampa Convention Center
333 South Franklin Street
Tampa, FL 33602

The Florida Channel will cover the hearing live on its website: http://thefloridachannel.org/. The hearing will also be recorded and available on the Office's website at a later date.​

Contact Info:

Jack McDermott
(850) 413-2515
Jack.McDermott@floir.com

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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