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: