News & Updates

Kevin McCarty

OIR Approves Citizens Rates

OIR Approves Citizens Rates

| Written By: Travis Miller | Insurance

The Office of Insurance Regulation has approved rates for Citizens’ homeowners and dwelling programs.  The average rate increase is 10.8% for homeowners insurance and 8.8% for the dwelling program.  Rate increases for sinkhole coverage are higher (by percentage), although less than Citizens’ indicated rates. The OIR approved the rates through an Order (attached).  Citizens’ ratemaking […]

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Citizens Sees Increased Demand for Policies

Citizens Sees Increased Demand for Policies

| Written By: Travis Miller | Insurance

The Florida Office of Insurance Regulation has approved an additional 60,000 policies to be removed from Citizens Property Insurance Corporation in November 2012.  This is in addition to 150,000 policies previously approved for November assumption, and adds to the 84,339 policies already assumed during this calendar year. “One of the Office’s goals continues to be to support a […]

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