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.