Cypress Property & Casualty Insurance Company has requested a 17.7% overall rate increase for its homeowners line of coverage. The proposed rate increase would be effective June 1, 2012 for new business and July 1, 2012 for renewal business. The ...

 

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

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

DATE AND TIME: April 19, 2012, 1:00 p.m.

PLACE: Room 116, Larson Building, 200 East Gaines Street, Tallahassee, Florida

GENERAL SUBJECT MATTER TO BE CONSIDERED: Cypress Property & Casualty Insurance Company has requested a 17.7% overall rate increase for its homeowners line of coverage. The proposed rate increase would be effective June 1, 2012 for new business and July 1, 2012 for renewal business. The requested rate increase is not uniform. Some areas are subject to a higher rate increase.

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 insurers 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 “Cypress Property & Casualty.”

A copy of the agenda may be obtained by contacting: Bruce Culpepper, Assistant General Counsel, [phone] and Cindy Walden, [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: Cindy Walden, [phone], e-mail: cindy.walden @floir.com. 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: Bruce Culpepper, Assistant General Counsel, [phone] and Cindy Walden, [phone].