Subject


Citizens Property Insurance Corporation (“Citizens”) has requested statewide average rate changes for the Coastal Account (“CA”), Commercial Lines Account (“CLA”) and the Personal Lines Account (“PLA”). These accounts include, but are not limited to: commercial property, homeowners, mobile home, and dwelling/fire. The below chart identifies the proposed rate changes that have already been filed with the Office: 14-13202: -5.8% to Homeowners Multi-Peril (PLA) 14-13203: +3.8% to Homeowners Multi-Peril Wind Only (CA) 14-13383: -4.5% to Property/Personal – Dwelling Fire (PLA) 14-13384: +6.8% to Property/Personal – Dwelling Fire Wind Only (CA) 14-13667: +8.2% to Mobile Home Multi-Peril Wind Only (CA) 14-13668: -4.3% to Mobile Home Multi-Peril (PLA) 14-13749: -4.3% to Mobile Home Dwelling (PLA) 14-13751: +8.6% to Mobile Home Dwelling Wind Only (CA) 14-14056: +4.9% to Commercial Property Non-Residential Multi-Peril (CLA) 14-14264: +10.0% to Commercial Property Non-Residential Wind Only (CA) 14-14425: +9.6% to Commercial Property Residential (Ex. Condo Association) Wind Only (CA) 14-14426: +8.9% to Commercial Property Residential Condo Association Wind Only (CA) (Additional filings received prior to the hearing may be discussed.) The proposed rate changes also include total increases for sinkhole coverage of 0.7% to DP-1 (Dwelling/Fire), 1.5% to DP-3 (Dwelling/Fire), and 2.7% to HO-3 (Homeowners). The requested rate increases are not uniform. The effective date of the proposed rate increases for the Coastal Account (“CA”) is February 1, 2015, for new and renewal business. The effective date of the proposed rate increases for the Commercial Lines Account (“CLA”) is February 1, 2015, for new and renewal business. The effective date of the proposed rate decreases for the Personal Lines Account (“PLA”) is February 1, 2015, for new and renewal business. It is important to note that additional filings on behalf of Citizens will be forthcoming and that evidence regarding such filings may be received at the hearing. Any comments or concerns not addressed at the public hearing may be forwarded to ratehearings@floir.com; the subject line of your e-mail should read “Citizens.” The record will be open for public comment until September 4, 2014 for all filings. 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 ratehearings@floir.com; the subject line of your e-mail should read “Citizens.”