Citizens Property Insurance Corporation (“Citizens”) has requested statewide average rate changes for its business in the Coastal Account (“CA”), Commercial Lines Account (“CLA”), and Personal Lines Account (“PLA”). These accounts include, but are ...

 

DEPARTMENT OF FINANCIAL SERVICES

OIR – Insurance Regulation

The Office of Insurance Regulation announces a hearing to which all persons are invited.

DATE AND TIME: March 14, 2019, 5:00 p.m.

PLACE: Kovens Conference Center, Florida International University, Biscayne Bay Campus, Bayview Ballroom North, Room 214B, 3000 NE 151st Street, North Miami, FL 33181-3000

GENERAL SUBJECT MATTER TO BE CONSIDERED: Citizens Property Insurance Corporation (“Citizens”) has requested statewide average rate changes for its business in the Coastal Account (“CA”), Commercial Lines Account (“CLA”), and Personal Lines Account (“PLA”). These accounts include, but are not limited to: commercial property, homeowners, mobile homeowners, and dwelling/fire. The below chart identifies the proposed rate changes that have already been filed with the Office:

19-00251: +5.3% Commercial Residential Multi-Peril - Condo Associations (CLA)

19-00252: +5.0% Commercial Residential Multi-Peril - Excluding Condo Associations (CLA)

19-00275: +5.0% Commercial Non-Residential Multi-Peril (CLA)

19-00387: +10.5% Commercial Residential Wind Only - Condo Associations (CA)

19-00388: +10.0% Commercial Residential Wind Only - Excluding Condo Associations (CA)

19-00470: +10.0% Commercial Non-Residential Wind Only (CA)

19-00810: +8.5% Homeowners Multi-Peril (PLA)

19-00811: +8.7% Homeowners Wind Only (CA)

19-00843: +8.7% Property/Personal (Dwelling Fire) (PLA)

19-00844: +8.2% Property/Personal (Dwelling Fire) Wind Only (CA)

19-00931: +1.6% Mobile Homeowners Multi-Peril (PLA)

19-00932: +9.8% Mobile Homeowners Wind Only (CA)

19-00955: +8.0% Mobile Homeowners (Dwelling Fire) (PLA)

19-00956: +9.6% Mobile Homeowners (Dwelling Fire) Wind Only (CA)

 

(There are no proposed rate changes for sinkhole coverage.)

The effective date for the Coastal Account (“CA”), Commercial Lines Account (“CLA”), and Personal Lines Account (“PLA”) is September 1, 2019, for new and renewal business.

An agenda listing the rate filings subject to this hearing will be posted on the Office’s website at http://www.floir.com.

Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from the insurer as well as interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to the Office of Insurance Regulation at [e-mail]; the subject line of your e-mail should read “Citizens.”

Any comments or concerns not addressed at the public hearing may be forwarded to [e-mail]; the subject line of your e-mail should read “Citizens.” The record will be open for public comment until March 22, 2019, for all filings.

A copy of the agenda may be obtained by contacting: Michelle Harp-Alexander, [phone] or Gloria Merritt, [phone].

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Gloria Merritt, [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

For more information, you may contact: Michelle Harp-Alexander, [phone] or Gloria Merritt, [phone].