Make us your home page

Regulators bracing for full house at Citizens Property Insurance rate hearing Thursday

Florida insurance regulators are prepared for a potential capacity crowd Thursday at a public hearing in Miami over proposed rate hikes by massive state-run insurer Citizens Property Insurance.

The hearing will be in a 400-seat capacity room at the Chapman Center on Miami-Dade College's Wolfson Campus, 300 NE Second Ave.

Florida Insurance Commissioner Kevin McCarty is expected to attend the event, slated from 4 p.m. to 8 p.m. The Florida Channel ( will stream the hearing live via Web Channel 9.

Citizens, by far Florida's largest property insurer, has proposed a 12 percent average statewide increase in its personal lines accounts and an 11.1 percent increase in its coastal accounts, formerly referred to as its high-risk accounts.

In addition, Citizens is proposing a revamp of sinkhole coverage rates, ranging from a decrease of 35.1 percent in non-coastal areas of Palm Beach to an increase of 111.9 percent in Marion County. In the Tampa Bay region, long a major source of sinkhole claims, Hernando, Hillsborough and Pasco counties face a potential 50 percent increase.

Those unable to attend may submit comments to the Florida Office of Insurance Regulation by sending an email to: Include "Citizens" in the subject line of the email.

As of Wednesday, about 100 comments had been submitted.

Regulators bracing for full house at Citizens Property Insurance rate hearing Thursday 09/19/12 [Last modified: Wednesday, September 19, 2012 5:42pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. In advertising, marketing diversity needs a boost in Tampa Bay, nationally


    TAMPA — Trimeka Benjamin was focused on a career in broadcast journalism when she entered Bethune-Cookman University.

    From left, Swim Digital marketing owner Trimeka Benjamin discusses the broad lack of diversity in advertising and marketing with 22 Squared copywriter Luke Sokolewicz, University of Tampa advertising/PR professor Jennifer Whelihan, Rumbo creative director George Zwierko and Nancy Vaughn of the White Book Agency. The group recently met at The Bunker in Ybor City.
  2. Tampa Club president seeks assessment fee from members


    TAMPA — The president of the Tampa Club said he asked members last month to pay an additional assessment fee to provide "additional revenue." However, Ron Licata said Friday that the downtown business group is not in a dire financial situation.

    Ron Licata, president of the Tampa Club in downtown Tampa. [Tampa Club]
  3. Under Republican health care bill, Florida must make up $7.5 billion


    If a Senate bill called the Better Care Reconciliation Act of 2017 becomes law, Florida's government would need to make up about $7.5 billion to maintain its current health care system. The bill, which is one of the Republican Party's long-promised answers to the Affordable Care Act imposes a cap on funding per enrollee …

    Florida would need to cover $7.5 billion to keep its health care program under the Republican-proposed Better Care Reconciliation Act of 2017.  [Times file photo]
  4. Amid U.S. real estate buying binge by foreign investors, Florida remains first choice

    Real Estate

    Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas.

    A National Association of Realtors annual survey found record volume and activity by foreign buyers of U.S. real estate. Florida had the highest foreign investment activity, followed by California and Texas. [National Association of Realtors]
  5. Trigaux: Tampa Bay health care leaders wary of getting too far ahead in disruptive times


    Are attempts to repeal Obamacare dead for the foreseeable future? Might the Affordable Care Act (ACA), now in dire limbo, be revived? Will Medicaid coverage for the most in need be gutted? Can Republicans now in charge of the White House, Senate and House ever agree to deliver a substitute health care plan that people …

    Natalia Ricabal of Lutz, 12 years old, joined other pediatric cancer patients in Washington in July to urge Congress to protect Medicaid coverage that helped patients like Ricabal fight cancer. She was diagnosed with Ewing's sarcoma in 2013 and has undergone extensive treatments at BayCare's St. Joseph's Children's Hospital in Tampa. [Courtesy of BayCare]