jump to main menu jump to subject menu jump to content jump to footer
Media Advisory print image

Media Advisory

Citizens Property Insurance Corporation (Citizens) Public Rate Hearing
Monday, August 19, 2013
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 its business in the Commercial Lines Account (CLA), the Coastal Account, formerly known as the High Risk Account (HRA), and the Personal Lines Account (PLA). These accounts include, but are not limited to commercial property, homeowners’, mobile home, and dwelling/fire lines of business. Additional filings on behalf of Citizens will be forthcoming. Evidence regarding such filings may be received at the hearing.

 
Listed in the chart below are the proposed rate changes (by file log number) that have already been filed by Citizens with the Office. These filings can be accessed via the “I-File Forms & Rate Search” system using the following search criteria: file log numbers (provided below) or by entering Citizens as the “company name”. Scroll down to the bottom of the results page for the most recent filing information.
 
File Log #
Overall Proposed Rate Change
Account
13-12319
8.7% increase
Commercial Lines Residential – Condo Only (Commercial Lines Account)
13-12323
0.0% increase
Commercial Lines Residential – Excluding Condo Association (Commercial Lines Account)
13-12470
9.6% increase
Commercial Lines Non-Residential (Commercial Lines Account)
13-13047
9.8% increase
Homeowners (Coastal Account)
13-13048
7.3% increase
Homeowners (Personal Lines Account)
13-13335
10.5% increase
Dwelling Fire Wind Only (Coastal Account)
13-13336
 
9.9% increase
Dwelling Fire (Personal Lines Account)
13-13467
 
10.0% increase
Commercial Lines Non-Residential (Coastal Account)
13-14239
2.2% increase
Mobile Homeowners (Personal Lines Account)
13-14240
9.4% increase
Mobile Homeowners (Coastal Account)
13-14277
11.5% increase
Commercial Lines Residential – Condo Only (Coastal Account)
13-14278
10.3% increase
Commercial Lines Residential – Excluding Condo (Coastal Account)
13-14550
0.6% decrease
Mobile Home Dwelling (Personal Lines Account)
13-14555
8.7% increase
Mobile Home Dwelling (Coastal Account)
 
Any comments or concerns not addressed at the public hearing may be submitted by consumers and other interested parties by sending an email to: ratehearings@floir.com. Please include “Citizens” in the subject line of your email. Under Florida law, written communications to the Office are public record; this would include email addresses. They are subject to public disclosure, including being available to the public and media if requested.
 
Comments will be accepted until August 30, 2013 at 5:00 p.m. for all rate filings except for the Commercial Lines Accounts File Log #’s: 13-12319, 13-12323, and 13-12470. Commercial Lines Accounts rate filing comments need to be received no later than August 20, 2013 at 5:00 p.m. for consideration as the Office is required, per statute, to render a decision on these filings within a few days of the hearing. 
 
For more information about this hearing, visit the “Citizens’ Property Insurance Rate Filing” page on the Office website.
 
A copy of the agenda is available for review.

 

The Florida Channel will broadcast the hearing live via its affiliate stations and stream live online via its websiteA videotaped recording of the hearing will be available on the Office’s website at a later date.
 
Information for Media Attending the Hearing:
Onsite Media Contact: Amy Bogner, OIR Deputy Communications Director
 
·         Press packets will be available at the registration table. 
·         Room access for set-up begins at 3:00 p.m.
·         There will be reserved seating designated for “press only” in the front of the ballroom and a riser located in the back for cameras.
·         Equipment must be removed from the room at the conclusion of the hearing. 
When:
Tuesday, August 20, 2013 4:00 PM
Where:

Tampa Convention Center
Ballroom D
333 South Franklin Street
Tampa, FL  33602

 

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.

###