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[Liability Insurance] FW: Media Advisory: Citizens releases revised 2019 proposed rate media kit

PS
Pence, Scott
Tue, Jun 18, 2019 4:11 PM

Please see below and attached thanks to Jay Mussman.

Scott P. Pence | Carlton Fields
Board Certified in Construction Law by The Florida Bar
Direct: 813.229.4322 | Fax: 813.229.4133
4221 W. Boy Scout Blvd., Ste. 1000
Tampa, Florida 33607-5780
biohttp://www.cfjblaw.com/spence/ | vcardhttp://www.cfjblaw.com/FCWSite/Features/_Attorneys/vCard.aspx?attorney=7 | linkedinhttp://www.linkedin.com/in/pencescott

From: Mussman, Jay D. jmussman@daypitney.com
Sent: Tuesday, June 18, 2019 11:56 AM
To: Pence, Scott spence@carltonfields.com
Subject: FW: Media Advisory: Citizens releases revised 2019 proposed rate media kit

Please share

Thank you

Regards

Jay D. Mussman | Attorney at Law | Attorney Biohttp://www.daypitney.com/professionals/M/Mussman-Jay-D

[cid:image001.jpg@01D525CC.CC66E870]http://www.daypitney.com/

Mizner Park Office Tower | 225 NE Mizner Boulevard, Suite 350 | Boca Raton FL 33432-4078
t (561) 537 4934 | f (561) 952 4267 | m (561) 862 8107

396 Alhambra Circle | North Tower, 14th Floor | Miami FL 33134
t (561) 537 4937 | f (305) 373 4099

jmussman@daypitney.commailto:jmussman@daypitney.com | www.daypitney.comhttp://www.daypitney.com
BOSTONhttp://www.daypitney.com/about/offices/boston  |  CONNECTICUThttp://www.daypitney.com/about/offices  |  FLORIDAhttp://www.daypitney.com/about/offices  |  NEW JERSEYhttp://www.daypitney.com/about/offices/parsippany  |  NEW YORKhttp://www.daypitney.com/about/offices/new-york  |  WASHINGTON, DChttp://www.daypitney.com/about/offices/washington-dc    [Day Pitney LLP on Facebook] http://facebook.com/DayPitney  [Follow Day Pitney LLP on Twitter] http://www.twitter.com/daypitneyllp  [Day Pitney LLP on Linkedin] https://www.linkedin.com/company/day-pitney-llp
From: Newsroom [mailto:Newsroom@citizensfla.com]
Sent: Tuesday, June 18, 2019 11:50 AM
To: Newsroom
Subject: Media Advisory: Citizens releases revised 2019 proposed rate media kit

[[EXTERNAL EMAIL]]


[cid:image008.jpg@01D525CB.F68B97F0]

FOR IMMEDIATE RELEASE
June 18, 2019

Contact: Christine Ashburnmailto:christine.ashburn@citizensfla.com
850.728.7255 (cell)
850.513.3746

Citizens releases revised 2019 proposed rate media kit

TALLAHASSEE, FL – Citizens Property Insurance Corporation’s Board of Governors on Wednesday will be asked to approve a 2019 rate package that reflects recent legislative reforms to reduce the impact of litigation, assignment of benefits abuse and nonweather related water loss claims in South Florida.

Board members will consider recommended rates for 2019 that call for a capped statewide average increase of 4.7 percent for personal lines policyholders – homeowners, condominium owners and renters. If approved by the Office of Insurance Regulation, the 2019 rates would go into effect for new and renewal policies December 1, 2019.

The 2019 recommendations take into account the passage of HB 7065https://myfloridahouse.gov/Sections/Documents/loaddoc.aspx?FileName=_h7065er.docx&DocumentType=Bill&BillNumber=7065&Session=2019, legislative changes that go into effect July 1, 2019, to bolster consumer protections and reduce litigation costs and assignment of benefits abuse surrounding nonweather water loss claims.

Citizens is required by law to recommend rates that are actuarially sound, while complying with a legislative glide path that caps rate increases at 10 percent, excluding coverage changes and surcharges.

Citizens has prepared a 2019 rate kithttps://www.citizensfla.com/documents/20702/7538469/20190618+2019+Rate+Kit/970801d0-9f2c-484e-a4a4-78a594d39b4e to provide members of the media with information about its 2019 rate filing, including county-by-county estimateshttps://www.citizensfla.com/documents/20702/7538469/20190618+County+by+county/f6d9cccf-c301-448b-8630-aa9a52c3bda2 for particular policy types. Additional information and answers to common questions about Citizens' rates and premiums are included in Citizens 2019 Rates Frequently Asked Questions. The kit also includes additional information about Citizens' costs and projected rate need for 2019.

In 2002, the Florida Legislature created Citizens Property Insurance Corporation (Citizens), a not-for-profit alternative insurer, whose public purpose is to provide insurance to, and serve the needs of, property owners who cannot find coverage in the private insurance market.

[Citizens on Facebook]Find us on Facebookhttps://www.facebook.com/pages/Citizens-Property-Insurance-Corporation/313353039304  [Citizens on Twitter] Follow us @citizens_flahttps://twitter.com/citizens_fla


This message contains PRIVILEGED AND CONFIDENTIAL INFORMATION intended solely for the use of the addressee(s) named above. Any disclosure, distribution, copying or use of the information by others is strictly prohibited. If you have received this message in error, please notify the sender by immediate reply and delete the original message. Thank you.



Please see below and attached thanks to Jay Mussman. Scott P. Pence | Carlton Fields Board Certified in Construction Law by The Florida Bar Direct: 813.229.4322 | Fax: 813.229.4133 4221 W. Boy Scout Blvd., Ste. 1000 Tampa, Florida 33607-5780 bio<http://www.cfjblaw.com/spence/> | vcard<http://www.cfjblaw.com/FCWSite/Features/_Attorneys/vCard.aspx?attorney=7> | linkedin<http://www.linkedin.com/in/pencescott> From: Mussman, Jay D. <jmussman@daypitney.com> Sent: Tuesday, June 18, 2019 11:56 AM To: Pence, Scott <spence@carltonfields.com> Subject: FW: Media Advisory: Citizens releases revised 2019 proposed rate media kit Please share Thank you Regards Jay D. Mussman | Attorney at Law | Attorney Bio<http://www.daypitney.com/professionals/M/Mussman-Jay-D> [cid:image001.jpg@01D525CC.CC66E870]<http://www.daypitney.com/> Mizner Park Office Tower | 225 NE Mizner Boulevard, Suite 350 | Boca Raton FL 33432-4078 t (561) 537 4934 | f (561) 952 4267 | m (561) 862 8107 396 Alhambra Circle | North Tower, 14th Floor | Miami FL 33134 t (561) 537 4937 | f (305) 373 4099 jmussman@daypitney.com<mailto:jmussman@daypitney.com> | www.daypitney.com<http://www.daypitney.com> BOSTON<http://www.daypitney.com/about/offices/boston> | CONNECTICUT<http://www.daypitney.com/about/offices> | FLORIDA<http://www.daypitney.com/about/offices> | NEW JERSEY<http://www.daypitney.com/about/offices/parsippany> | NEW YORK<http://www.daypitney.com/about/offices/new-york> | WASHINGTON, DC<http://www.daypitney.com/about/offices/washington-dc> [Day Pitney LLP on Facebook] <http://facebook.com/DayPitney> [Follow Day Pitney LLP on Twitter] <http://www.twitter.com/daypitneyllp> [Day Pitney LLP on Linkedin] <https://www.linkedin.com/company/day-pitney-llp> From: Newsroom [mailto:Newsroom@citizensfla.com] Sent: Tuesday, June 18, 2019 11:50 AM To: Newsroom Subject: Media Advisory: Citizens releases revised 2019 proposed rate media kit [[EXTERNAL EMAIL]] ________________________________ [cid:image008.jpg@01D525CB.F68B97F0] FOR IMMEDIATE RELEASE June 18, 2019 Contact: Christine Ashburn<mailto:christine.ashburn@citizensfla.com> 850.728.7255 (cell) 850.513.3746 Citizens releases revised 2019 proposed rate media kit TALLAHASSEE, FL – Citizens Property Insurance Corporation’s Board of Governors on Wednesday will be asked to approve a 2019 rate package that reflects recent legislative reforms to reduce the impact of litigation, assignment of benefits abuse and nonweather related water loss claims in South Florida. Board members will consider recommended rates for 2019 that call for a capped statewide average increase of 4.7 percent for personal lines policyholders – homeowners, condominium owners and renters. If approved by the Office of Insurance Regulation, the 2019 rates would go into effect for new and renewal policies December 1, 2019. The 2019 recommendations take into account the passage of HB 7065<https://myfloridahouse.gov/Sections/Documents/loaddoc.aspx?FileName=_h7065er.docx&DocumentType=Bill&BillNumber=7065&Session=2019>, legislative changes that go into effect July 1, 2019, to bolster consumer protections and reduce litigation costs and assignment of benefits abuse surrounding nonweather water loss claims. Citizens is required by law to recommend rates that are actuarially sound, while complying with a legislative glide path that caps rate increases at 10 percent, excluding coverage changes and surcharges. Citizens has prepared a 2019 rate kit<https://www.citizensfla.com/documents/20702/7538469/20190618+2019+Rate+Kit/970801d0-9f2c-484e-a4a4-78a594d39b4e> to provide members of the media with information about its 2019 rate filing, including county-by-county estimates<https://www.citizensfla.com/documents/20702/7538469/20190618+County+by+county/f6d9cccf-c301-448b-8630-aa9a52c3bda2> for particular policy types. Additional information and answers to common questions about Citizens' rates and premiums are included in Citizens 2019 Rates Frequently Asked Questions. The kit also includes additional information about Citizens' costs and projected rate need for 2019. ### In 2002, the Florida Legislature created Citizens Property Insurance Corporation (Citizens), a not-for-profit alternative insurer, whose public purpose is to provide insurance to, and serve the needs of, property owners who cannot find coverage in the private insurance market. [Citizens on Facebook]Find us on Facebook<https://www.facebook.com/pages/Citizens-Property-Insurance-Corporation/313353039304> [Citizens on Twitter] Follow us @citizens_fla<https://twitter.com/citizens_fla> ________________________________ This message contains PRIVILEGED AND CONFIDENTIAL INFORMATION intended solely for the use of the addressee(s) named above. Any disclosure, distribution, copying or use of the information by others is strictly prohibited. If you have received this message in error, please notify the sender by immediate reply and delete the original message. Thank you. ********************************************************************************************************** ________________________________