Office Eliminates Last Hurricane Assessments

​TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has eliminated early the last of a series of emergency assessments on property insurance policyholders in Florida used to pay off claims from the eight hurricanes of 2004-2005.

The Office today issued an Order to the Citizens Property Insurance Corporation (Citizens) terminating a 1% emergency assessment on premiums of generally all property insurance policyholders, including Citizens policyholders. The assessment will be eliminated on policies issued or renewed on or after July 1, 2015 – two years ahead of schedule, due to an early payoff of the bond used to pay the claims.

Entire Press Release: .pdf | Florida Office of Insurance Regulation