The Florida Office of Insurance Regulation (OIR) has approved rate and rule changes to Citizens’ Commercial Lines policies. The changes outlined below apply to new business and renewal policies effective on or after July 1, 2026.

2026 Rate Change

The following rate changes vary by risk, occupancy, product line, and territory. The premium determination steps and rate factor tables are updated in the Rating Steps and Factors for each policy type.

The rate changes include a minimum change cap at -5%, and a maximum change cap at 15% for class-rated and special class business, excluding coverage changes, mitigation adjustments, A-rated risks, required surcharges and assessments, and a required rapid cash-build-up provision for the Florida Hurricane Catastrophe Fund (FHCF), if applicable.

Rate changes include:

• Commercial Residential Multiperil excluding Condominium Associations:
  • Overall average statewide rate increase: 7.2%
  • Florida Hurricane Catastrophe Fund cash build-up factor: 0.037
• Commercial Residential Multiperil Condominium Associations:
  • Overall average statewide rate increase: 7.7%
  • Florida Hurricane Catastrophe Fund cash build-up factor: 0.033
• Commercial Nonresidential Multiperil:
  • Overall average statewide rate decrease: -1.8% for Class Rate and Special Class business
• Commercial Residential Wind-Only Condominium Associations:
  • Overall average statewide rate increase: 14.1%
  • Florida Hurricane Catastrophe Fund cash build-up factor: 0.034
• Commercial Residential Wind-Only excluding Condominium Associations:
  • Overall average statewide rate increase: 14.4%
  • Florida Hurricane Catastrophe Fund cash build-up factor: 0.035
• Commercial Nonresidential Wind-Only:
  • Overall average statewide rate decrease: -5.0%

Note: Even though some policy forms’ rates are decreasing, agents need to ensure the risk is eligible for a Citizens policy.

2026 Rule Changes

The Underwriting Guidelines are updated for the following Commercial Nonresidential Multiperil (CNRM) rule changes:

• Rule 200.B is amended to remove reference for auxiliary or subsidiary buildings Commercial Statistical Plan (CSP) code determination, as now referenced in Rule 800.
• Rule 800 is amended to assist agents with determining if the building occupancy is eligible for coverage and whether a specific rate is required. A new symbol will clarify to agents when no class rate exists for the occupancy, and a specific rate must be obtained.
• CSP Code Table, CNRM Table 1: Footnotes previously referenced below the table were moved into Rule 800.
• Table 1: Group I Building Factors has been updated.
• Table 2: Group I Contents Factors has been updated.
• Table 4: Group II Building-BPP Factors has been updated.
• Table 13: Loss Cost Factor has been updated.

As a reminder, Citizens' Underwriting Guidelines, Rule 103 - Premium & Payment Options states: Policies may not be canceled and rewritten to circumvent forthcoming rate, rule, coverage, or surcharge changes.

Resources

Log in to the Agents site to access the updated versions of the Underwriting Guidelines and Rating Steps and Factors:

• Select Commercial > the applicable policy form > Manuals.
• Select Commercial > the applicable policy form > Rating Worksheets.
  • Look in the Spotlight section for the Rate Changes by Territory charts
• Select Training > Commercial Job Aids to access:
  • Commercial Lines New-Business Submission Guide
  • Uploading and Linking Documents
  • Commercial Lines Resources
  • Required Document Guides: Select the applicable policy type in the Learn More section