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Citizens Property Insurance Corporation (Citizens) Rate Hearing

On August 20, 2013, the Florida Office of Insurance Regulation (Office) conducted a public hearing at the Tampa Convention Center in Tampa, FL to discuss Citizens' proposed rate increases for its business in 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, homeowners', mobile home and the dwelling/fire lines of business.

ADDITIONAL HEARING INFORMATION


PROPOSED RATE LEVEL EFFECTS:


The proposed Citizens rate filings listed below can be accessed via the I-File Forms & Rates Search system using the following search criteria: file log numbers (see chart below) or by entering "Citizens" as the "company name" in the "Quick Search" tab. Scroll down to the bottom of the results page for the most recent filing information.

File Log #
Overall Proposed
Rate Change
Account Proposed Rate Filing Exhibits (by County)
13-12319 8.7%
increase
Commercial Lines Residential - Condo Only (Commercial Lines Account) Summary
13-12323 0.0%
increase
Commercial Lines Residential - Excluding Condo Association (Commercial Lines Account) Summary
13-12470 9.6%
increase
Commercial Lines Non-Residential (Commercial Lines Account) N/A - uniform 10% increase statewide
13-13047 9.8%
increase
Homeowners (Coastal Account) Summary, HO-3, HO-4, HO-6
13-13048 7.3%
increase
Homeowners (Personal Lines Account)) Summary, HO-3, HO-4, HO-6
13-13335 10.5%
increase
Dwelling Fire Wind Only (Coastal Account) Summary, DP-3
13-13336 9.9%
increase
Dwelling Fire (Personal Lines Account) Summary, DP-1, DP-3
13-13467 10.0%
increase
Commercial Lines Non-Residential (Coastal Account) N/A - uniform 10% increase statewide
13-14239 2.2%
increase
Mobile Homeowners (Personal Lines Account) Summary, MHO-3, MHO-4
13-14240 9.4%
increase
Mobile Homeowners (Coastal Account) Summary, MHO-3, MHO-4
13-14277 11.5%
increase
Commercial Lines Residential – Condo Only (Commercial Coastal) Summary
13-14278 10.3%
increase
Commercial Lines Residential – Excluding Condo (Commercial Coastal) Summary
13-14550 0.6%
decrease
Mobile Home Dwelling (Personal Lines Account) Summary
13-14555 8.7%
increase
Mobile Home Dwelling (Coastal Account) Summary

RATE FILING DECISIONS:

Date File Log # Account
Total # of
Policies
Earned
Premium
Amount
Rate Established
Order/Exhibits
8/22/2013 13-12319





13-12323







13-12470
Commercial Lines Residential - Condo Only (CLA)

Commercial Lines Residential - Other Than Condo Association (CLA)

Commercial Lines Nonresidential (CLA)
30,025





13,507







2,654
$157,186,369





$44,900,255







$9,246,040
8.7%
increase




0.0%






8.6%
increase
Order
Applies to all three filings.
Includes Sinkhole and FL Hurricane Catastrophe Fund Buildup Factor Changes
Date File Log # Account
Total # of
Policies
Earned
Premium
Amount
Estimated
Rate
Established
Order/Exhibits
9/9/2013 13-13047 Homeowners - (Coastal Account – Wind Only) 209,926 $466,123,048 10.5%
increase
Order Applies to all five filings.
  13-13048 Homeowners - (Personal Lines Account) 740,812 $1,584,206,107 4.4%
increase
 
  13-13335 Dwelling Fire - (Coastal Account - Wind Only) 26,783 $46,644,971 10.5%
increase
 
  13-13336 Dwelling Fire - (Personal Lines Account) 289,367 $447,868,111 9.1%
increase
 
  13-13467 Commercial Lines Non-Residential Property - (Coastal Account - Wind Only) 29,852 $80,832,466 10.0%
increase
 
Date File Log # Account
Total # of
Policies
Earned
Premium
Amount
Estimated
Rate
Established
Order/Exhibits
9/23/2013 13-14239 Mobile Homeowners (Personal Lines Account) 62,296 $81,294,933 -1.3%
decrease
Order Applies to all six filings.
  13-14240 Mobile Homeowners (Coastal Account - Wind Only) 6,504 $6,533,980 9.0%
increase
 
  13-14550 Mobile Home Physical Damage (Personal Lines Account) 93,572 $60,103,230 -0.6%
decrease
 
  13-14555 Mobile Home Physical Damage (Coastal Account - Wind Only) 649 $576,678 8.7%
increase
 
  13-14277 Commercial Lines Residential – Condo Only (Coastal Account - Wind Only) 17,029 $96,130,138 11.1%
increase
 
  13-14278 Commercial Lines Residential – Excluding Condo (Coastal Account - Wind Only) 8,015 $27,841,074 9.8%
increase
 

Contact Information:

Amy Bogner
(850)413-2515
Amy.Bogner@floir.com