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<p class="MsoNormal"><span style="color:#993366">Please see below and attached thanks to Jay Mussman.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#993366"><o:p> </o:p></span></p>
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<b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Scott P. Pence | Carlton Fields</span></b><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Board Certified in Construction Law by The Florida Bar<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Direct: 813.229.4322 | Fax: 813.229.4133<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">4221 W. Boy Scout Blvd., Ste. 1000<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">Tampa, Florida 33607-5780
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"><a href="http://www.cfjblaw.com/spence/"><span style="color:blue">bio</span></a> |
<a href="http://www.cfjblaw.com/FCWSite/Features/_Attorneys/vCard.aspx?attorney=7">
<span style="color:blue">vcard</span></a> | <a href="http://www.linkedin.com/in/pencescott">
<span style="color:blue">linkedin</span></a></span><span style="color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><b>From:</b> Mussman, Jay D. <jmussman@daypitney.com> <br>
<b>Sent:</b> Wednesday, June 20, 2018 10:18 AM<br>
<b>To:</b> Pence, Scott <spence@carltonfields.com><br>
<b>Subject:</b> FW: Press Release: Citizens Releases 2019 Rate Media Kit<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Please share</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Thank you</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">Regards</span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="color:#1F497D"> </span><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:12.5pt;color:#003366">Jay D. Mussman | Attorney at Law |
</span><a href="http://www.daypitney.com/professionals/M/Mussman-Jay-D"><span style="font-size:12.5pt;color:blue">Attorney Bio</span></a><span style="font-size:12.5pt;color:#003366">
<br>
</span><span style="font-size:6.0pt;color:#1F497D"><br>
</span><a href="http://www.daypitney.com/"><span style="font-size:6.0pt;color:blue;text-decoration:none"><img border="0" width="216" height="26" style="width:2.25in;height:.2708in" id="_x0000_i1025" src="cid:image004.jpg@01D4087F.FB3684F0"></span></a><span style="font-size:6.0pt;color:#1F497D"><br>
<br>
</span><span style="color:#1F497D">Mizner Park Office Tower | 225 NE Mizner Boulevard, Suite 350 | Boca Raton FL 33432-4078<br>
t (561) 537 4934 | f (561) 952 4267 | m (561) 862 8107<br>
</span><a href="mailto:jmussman@daypitney.com"><span style="color:#003366">jmussman@daypitney.com</span></a><span style="color:#1F497D"> |
</span><a href="http://www.daypitney.com"><span style="color:#003366">www.daypitney.com</span></a><span style="color:#1F497D"><br>
</span><a href="http://www.daypitney.com/about/offices/boston"><span style="color:black;text-decoration:none">BOSTON</span></a><span style="color:#1F497D"> | </span><a href="http://www.daypitney.com/about/offices"><span style="color:black;text-decoration:none">CONNECTICUT</span></a><span style="color:#1F497D">
| </span><a href="http://www.daypitney.com/about/offices"><span style="color:black;text-decoration:none">FLORIDA</span></a><span style="color:#1F497D"> | </span><a href="http://www.daypitney.com/about/offices/parsippany"><span style="color:black;text-decoration:none">NEW
JERSEY</span></a><span style="color:#1F497D"> | </span><a href="http://www.daypitney.com/about/offices/new-york"><span style="color:black;text-decoration:none">NEW YORK</span></a><span style="color:#1F497D"> | </span><a href="http://www.daypitney.com/about/offices/washington-dc"><span style="color:black;text-decoration:none">WASHINGTON,
DC</span></a><span style="color:#1F497D"> </span><a href="http://facebook.com/DayPitney"><span style="color:blue;text-decoration:none"><img border="0" width="20" height="20" style="width:.2083in;height:.2083in" id="_x0000_i1026" src="cid:image005.jpg@01D4087F.FB3684F0" alt="Day Pitney LLP on Facebook"></span></a><span style="color:#1F497D">
</span><a href="http://www.twitter.com/daypitneyllp"><span style="color:blue;text-decoration:none"><img border="0" width="25" height="20" style="width:.2604in;height:.2083in" id="_x0000_i1027" src="cid:image006.png@01D4087F.FB3684F0" alt="Follow Day Pitney LLP on Twitter"></span></a><span style="color:#1F497D"> </span><a href="https://www.linkedin.com/company/day-pitney-llp"><span style="color:blue;text-decoration:none"><img border="0" width="20" height="20" style="width:.2083in;height:.2083in" id="_x0000_i1028" src="cid:image007.jpg@01D4087F.FB3684F0" alt="Day Pitney LLP on Linkedin"></span></a><o:p></o:p></p>
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<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif"> Newsroom [<a href="mailto:Newsroom@citizensfla.com">mailto:Newsroom@citizensfla.com</a>]
<br>
<b>Sent:</b> Monday, June 18, 2018 7:36 PM<br>
<b>To:</b> Newsroom<br>
<b>Subject:</b> Press Release: Citizens Releases 2019 Rate Media Kit</span><o:p></o:p></p>
</div>
</div>
<p class="MsoNormal" style="margin-left:.5in"> <o:p></o:p></p>
<p class="MsoNormal" align="center" style="margin-left:.5in;text-align:center"><span style="font-family:"Times New Roman",serif"><img border="0" width="802" height="133" style="width:8.3541in;height:1.3854in" id="Picture_x0020_1" src="cid:image001.jpg@01D4073A.BA6F7030"></span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">FOR IMMEDIATE RELEASE</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">June 18, 2018</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">Contact: Christine Ashburn</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">(850) 728-7255 (cell)</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">(850) 513-3746</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><b><span style="font-family:"Times New Roman",serif"> </span></b><o:p></o:p></p>
<p class="MsoNormal" align="center" style="margin-left:.5in;text-align:center"><b><span style="font-family:"Times New Roman",serif">Citizens Releases 2019 Rate Media Kit</span></b><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">TALLAHASSEE, FL – Citizens Property Insurance Corporation’s Board of Governors on Wednesday will be asked to approve a 2019 rate package that reflects the impact
of skyrocketing nonweather related water loss claims in South Florida, a troubling trend that appears to be spreading to other parts of the state.
</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">Board members will be asked to recommend rates for 2019 that call for a statewide average increase of 7.9 percent for personal lines policyholders – homeowners,
condominium owners and renters.</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">Under the proposed rates, inland homeowners with multiperil policies would see an average increase of 8.3 percent, while homeowners along the coast would see rates
climb by an average of 9.5 percent. </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">Affordable reinsurance and depopulation efforts over the past several years have reduced Citizens’ policy count from nearly 1.5 million in 2012 to approximately
443,000 as of May 2018, a reduction that has helped provide the state-run insurer the ability to pay claims following a 1-in-100 year storm and a second 1-in-41 year event without having to levy assessments.</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">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. In July, Citizens will submit its 2019 recommended rates to the Office of Insurance Regulation, which must establish rates for Citizens before they take effect.
</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif">Citizens has prepared a
<a href="https://www.citizensfla.com/documents/20702/7538469/2019+Rate+kit/b250baeb-3eb2-429b-84d6-62685a111f2c">
2019 rate kit</a> to provide members of the press with information about its 2019 rate filing, including
<a href="https://www.citizensfla.com/documents/20702/7538469/County+by+County+rate+filings+2019/063ca249-8699-44a7-8858-1b55f46daf5d">
county-by-county estimates</a> 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.</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" align="center" style="margin-left:.5in;text-align:center"><span style="font-family:"Times New Roman",serif">###</span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><sub><span style="font-family:"Times New Roman",serif">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.</span></sub><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"><img border="0" width="14" height="13" style="width:.1458in;height:.1354in" id="Picture_x0020_4" src="cid:image002.jpg@01D4073A.BA6F7030" alt="Citizens on Facebook"><a href="https://www.facebook.com/pages/Citizens-Property-Insurance-Corporation/313353039304"><sub>Find
us on Facebook</sub></a> <sub> </sub><img border="0" width="15" height="14" style="width:.1562in;height:.1458in" id="Picture_x0020_3" src="cid:image003.jpg@01D4073A.BA6F7030" alt="Citizens on Twitter"><a href="https://twitter.com/citizens_fla"><sub>Follow
us @citizens_fla</sub></a></span><o:p></o:p></p>
<p class="MsoNormal" style="margin-left:.5in"><span style="font-family:"Times New Roman",serif"> </span><o:p></o:p></p>
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