Florida establishes 2022 rates for Citizens Property Insurance Corp.

The Florida Office of Insurance Regulation has established the 2022 personal property and commercial property insurance rates for Citizens Property Insurance Corp.

OIR held a virtual public rate hearing to receive public comment on the filings on March 31, 2022. At the hearing, Citizens provided testimony in support of its rate recommendations and received comments from members of the public on the effects of the rate filings. Public comments were accepted for consideration on rate filings until April 14, 2022.

Following a review of the complete record, OIR established rates for Citizens’ Coastal Account (CA), Commercial Lines Account (CLA), and Personal Lines Account (PLA). The effective date for new and renewal rates is September 1, 2022. The Orders are available here.

The charts below provide the overall estimated statewide average rate changes for personal lines accounts, coastal accounts and commercial lines accounts.

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. Additional information is available on the Citizens public rate hearing webpage.