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The case revolves around a revised rate manual Citizens filed in 2003 with OIR that included statutorily required credits for condos with concrete roof decks. However, Beck charges that the insurer failed to apply those credits to qualified condominium associations in the state. (Credit: Mia2you/Shutterstock.com) The case revolves around a revised rate manual Citizens filed in 2003 with OIR that included statutorily required credits for condos with concrete roof decks. However, Beck charges that the insurer failed to apply those credits to qualified condominium associations in the state. (Credit: Mia2you/Shutterstock.com)

Citizens Property Insurance allegedly overcharged Florida condominium association policyholders for years, according to the Fort Lauderdale, Fla., law firm Becker. The firm also accuses the Florida Office of Insurance Regulations (OIR) of partaking in secret communications with the insurer, which resulted in a consent order being issued without a trial or considering the legality of the insureds’ claims.

In total, Becker reported nearly 150 condo associations could be entitled to a refund as a result of being overcharged from 2003 to 2015. The law firm is attempting to recover as much as $30 million in premium credits for its clients.

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Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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