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Home » Education » Currently Reading:

Office Announces Rate Decision for Citizens Property Insurance Corporation’s Commercial Lines Account and Coastal Filings

October 19, 2012 Government No Comments

Contact Info: Jack McDermott Amy Bogner
850-413-2515 850-413-2515
Jack.McDermott@floir.com Amy.Bogner@floir.com​

Office Announces Rate Decision for Citizens Property Insurance Corporation’s Commercial Lines Account and Coastal Filings

TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) issued an Order yesterday establishing commercial lines account and coastal rates for Citizens Property Insurance Corporation (Citizens). The effective dates for new and renewal rates on all commercial lines account policies are January 1, 2013 and February 1, 2013 for all coastal account policies.

The overall average statewide rate changes established by the Office are listed below:

The Office reached its decision following a 45-day deliberative review process that included a public hearing conducted on September 20, 2012 in Miami, Florida. This hearing allowed Citizens to present additional information, and featured feedback from the Office of the Insurance Consumer Advocate, members of the legislature, Citizens’ policyholders, and the public.

A decision on Citizens homeowners’ and dwelling fire rate filings was issued on October 1, 2012 and mobile homeowners’ and mobile home physical damage rate filings on October 8, 2012.

Rate filings can be accessed via the I-file database using the following search criteria: enter the file log number or “Citizens” in the company name field. When the selection appears, scroll to the bottom of the results page for the most recent filing information.

For more information about the Citizens public rate hearing and filings, visit the Citizens Property Insurance Rate Filing page on the Office’s website.

​About the Florida Office of Insurance Regulation

The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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Citizens CLA 12-14702_Exhibit 15

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