News & Updates

Citizens Property Insurance Corporation

Two Florida Legislators Revive Deregulation Bill

Two Florida Legislators Revive Deregulation Bill

During the 2009 Legislative session Representative Bill Proctor, R-St. Augustine and Sen. Mike Bennett, R-Bradenton guided a “deregulation bill” through the Florida Legislature.  The bill would have permitted many large insurers to offer homeowners insurance policies at rates that exceeded the approved rates they had on file.  To be eligible for this reduced rate regulation, […]

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OIR Approves Citizens’ High Risk Account Rates

OIR Approves Citizens’ High Risk Account Rates

The Office of Insurance Regulation has issued an order approving rates for the Citizens Property Insurance Corporation High Risk Account (HRA).  The HRA consists of Citizens’ most coastal exposures and includes personal residential, commercial residential, and traditional commercial exposures. By law, Citizens submits rate filings to the Office of Insurance Regulation, but unlike for typical […]

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