Citizens Property Insurance Corporation (Citizens) Public Rate Hearing
The Florida Office of Insurance Regulation (OIR) conducted a virtual rate hearing to receive public comment for Citizens’ proposed rate changes at 9:00 a.m. on Monday, March 15, 2021.
The purpose of the public hearing was to discuss Citizens’ proposed rate changes for its business in the Coastal Account (CA), Commercial Lines Account (CLA), and the Personal Lines Account (PLA).
ADDITIONAL HEARING INFORMATION
- Agenda
- Hearing Notice
- Media Advisory
- Recording
RATE FILING DECISIONS:
The chart below provides the overall estimated statewide average rate changes for personal lines accounts (PLA), commercial line accounts (CLA) and coastal accounts (CA). Rate filings can be accessed via the
Insurance Regulatory Filing System (IRFS) using the file log numbers or company name. The most recent filing information will be at the bottom of the results page.
Order # 279215-21– Personal Lines, Coastal Accounts
Order # 279981-21– Commercial Lines Accounts
File Log
# |
Account |
Original
Rate
Requested |
Established
Rate |
| #21-003137 |
Homeowners Multi-Peril (PLA) |
+6.2% |
+3.2% |
| #21-003138 |
Homeowners Wind Only (CA) |
+7.0% |
+5.1% |
| #21-003730 |
Property/Personal (Dwelling Fire) Multi-Peril (PLA) |
+9.5% |
+9.1% |
| #21-003742 |
Property/Personal (Dwelling Fire) Wind Only (CA) |
+8.7% |
+7.8% |
| #21-003743 |
Mobile Homeowners Multi-Peril (PLA) |
+9.3% |
+9.0% |
| #21-003751 |
Mobile Homeowners Wind Only (CA) |
+9.4% |
+9.4% |
| #21-003976 |
Mobile Homeowners Physical Damage Wind only (CA) #21-003976 |
+9.4% |
+9.5% |
| #21-003977 |
Mobile Homeowners Physical Damage Multi-Peril (PLA) #21-003977 |
+7.7% |
+3.3% |
| #21-005398 |
Commercial Residential Ex. Condo Multi-Peril (PLA) |
+7.8% |
+4.8% |
| #21-005399 |
Commercial Residential Condo Multi-Peril (PLA) |
+8.2% |
+5.4% |
| #21-005569 |
Commercial Non-Residential Multi-Peril (PLA) |
+10.0% |
+8.6% |
| #21-005693 |
Commercial Residential Ex. Condo Wind Only (CA) |
+10.1% |
+9.4% |
| #21-005700 |
Commercial Residential Condo Wind Only (CA) |
+9.6% |
+8.8% |
| #21-005751 |
Commercial Non-Residential Wind Only (CA) |
+10.0% |
+8.4% |
PROPOSED RATE LEVEL EFFECTS
The revised proposed Citizens rate filings listed below can be accessed via the IRFS Forms & Rates Filing Search system by using the following search criteria: file log numbers (see chart below)
or by entering “Citizens” as the “company name” in the “Quick Search” tab. Scroll down to the bottom of the results page for the most recent filing information.
File Log # |
Overall
Proposed
Rate Change |
Account |
Proposed Rate Level Effect by Territory and County |
| 21-003137 |
+6.2% |
Homeowners Multi-Peril (PLA) |
HO-3, HO-4, HO-6 (PLA) |
| 21-003138 |
+7.0% |
Homeowners’ Multi-Peril (CA) |
HO-3, HO-4, HO-6 (CA) |
| 21-003730 |
+9.5% |
Property/Personal (Dwelling Fire) (PLA) |
DP-1, DP-3 (PLA)) |
| 21-003742 |
+8.7% |
Property/Personal (Dwelling Fire) Wind Only (CA) |
DP-3 (CA) |
| 21-003743 |
+9.3% |
Mobile Homeowners Multi-Peril (PLA) |
MHO-3, MHO-4 (PLA) |
| 21-003751 |
+9.4% |
Mobile Homeowners Wind Only (CA) |
HO-3 (CA) |
| 21-003976 |
+9.4% |
Mobile Homeowners Physical Damage (CA) |
MHPD – Dwelling (CA) |
| 21-003977 |
+7.7% |
Mobile Homeowners Physical Damage Wind Only (PLA) |
MHPD – Dwelling (PLA) |
| 21-005398 |
+7.8% |
Commercial Residential Multi-Peril (CLA) |
CRM Non-Condo (CLA) |
| 21-005399 |
+8.2% |
Commercial Residential Multi-Peril (Condo Assn.) (CLA) |
CRM Condo (CLA) |
| 21-005569 |
+10.0% |
Commercial Residential Multi-Peril(CLA) |
CNRM (CLA) |
| 21-005693 |
+10.1% |
Commercial Residential Wind Only (CA) |
CRW Non-Condo (CA) |
| 21-005700 |
+9.6% |
Commercial Residential Wind Only Condo (CA) |
CRW Condo (CA) |
| 21-005751 |
+10.0% |
Commercial Non-Residential Wind Only (CA) |
CNRW (CA) |
The effective date of the proposed rate changes is August 1, 2021.
PUBLIC COMMENTS/TESTIMONY
Comments were accepted for consideration on rate filings until 5:00 p.m. (Eastern Time) on March 26, 2021. Under Florida law, written communications to the OIR are public
record and subject to disclosure, including being available to the public and media. To learn more, visit the OIR’s Internet Privacy Policy.
CONTACT INFORMATION
Communications Office
Main Press Line: (850) 413-2515
Email: press@floir.com