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Media Advisory print image

Media Advisory

Citizens Public Rate Hearing
Wednesday, September 19, 2012
Contact Info:

                                    Jack McDermott                               Amy Bogner
                                    850-413-2515                                  850-413-2515                                   
                                   
Jack.McDermott@floir.com             Amy.Bogner@floir.com

Who:
Citizens Property Insurance Corporation (Citizens)
What:

The Florida Office of Insurance Regulation (Office) will conduct a public hearing to discuss the Citizens Property Insurance Corporation (Citizens) proposed rate increases for its business in the Coastal Account, formally known as the High Risk Account (HRA), the Personal Lines Account (PLA). These accounts include, but are not limited to, homeowners’, mobile home, and dwelling/fire lines of business. Additional filings on behalf of Citizens for its Commercial Lines Account and for commercial lines of business within its Coastal Account will be forthcoming. Evidence regarding such filings may be received at the hearing.

Citizens' proposed statewide average rate increases for its homeowners’ line of business, including sinkhole, are 11.1 percent for the Coastal Account and 12 percent for the Personal Lines Account. The sinkhole coverage rate changes range from a decrease of 35.1 percent in Palm Beach County (remainder of the county – other than coastal) to an increase of 111.9 percent in Marion County. Key sinkhole counties of Hernando, Hillsborough and Pasco reflect a 50 percent increase. 

For a copy of the agenda, media advisory (issued on 9/5/12), rate filing summaries or other information about this hearing, visit the
Citizens Property Insurance Rate Filing page on the Office’s website.

 

Media Availability
3:45 p.m. – OIR Staff will be available prior to the hearing for a short statement; no questions allowed; check in at Communications office table outside the hearing room.
 
7:15 – 7:30p.m. – Media availability (during break) in Room 3208 - only media with press badges will be allowed to enter for security purposes. For media not attending the hearing, there will be a conference call connection to listen in and/or ask questions. Maximum of 15 lines (first come, first serve basis):

Conference Call-In Information:
     Time:         7:15pm. (EST)

     Call-In # (Local)                305/237-2955
     Call-In # (Toll-Free)         (800) 619-9015 (not accessible from area codes 305 or 786)
     PIN  #:  031329
           
Logistics For Media Attending the Hearing
Onsite Media Contact: Jack McDermott, OIR Communications Director
Ø  Media should check in at Communications desk (outside Room 3210) for press badges.
Ø  ONLY those reporters with appropriate press badges will be allowed into the designated media areas (for security purposes).
Ø  Wi-Fi is available in the building – no password required.
Ø  Parking is available at the Wolfson Campus Parking Garage, Student Building #7, 500 NE 2nd Avenue, Miami, FL. Entrance to garage is on 5th Street, which is a one-way street going east – or – it can be accessed using the other entrance on 6th Street, which is a one-way street going west.  Wolfson Campus Map, Area Map, Campus Directions.
Ø  Room access for set-up is 3:00 p.m.
Ø  Equipment must be removed from the room at the conclusion of the hearing.
Ø  Print/Online - Reserved space is designated in the second and third rows on the left side of seating space.
Ø  TV Specs - Space will be reserved and roped off for TV cameras in the back of the room.

 

When:
Thursday, September 20, 2012 4:00 PM
Where:

Miami-Dade College - Wolfson Campus
Chapman Center, Room 3210
300 NE 2nd Ave.
Miami, FL  33132

The Florida Channel will stream the hearing live online via Web Channel 9.  (A videotaped recording of the hearing will be available on the Office’s website at a later date.)

 

Contact Info:

                                    Jack McDermott                               Amy Bogner
                                    850-413-2515                                  850-413-2515                                   
                                   
Jack.McDermott@floir.com             Amy.Bogner@floir.com

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.

 

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