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State Farm's Plan

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The Tampa Tribune

Published: January 28, 2009

STATE FARM'S POLICY PLAN

State Farm's plan to drop more than 1 million homeowner policies would not be done at once. It would spread the cancellations over a two-year period, ending late in 2011. Here's how the timing would work:

90 days: How long state regulators have to review State Farm's plan to drop more than 1 million homeowner policies.

180 days: How much notice State Farm must give customers of a policy cancellation after the state approves the company's plan.

Late October: The earliest a policy could be dropped. Hurricane season ends Nov. 30.

Not affected: Auto insurance, life insurance and health insurance policies.

Policies to be canceled: Homeowners, condominiums, renters, personal liability, boats, personal articles, and business property and liability.
Russell Ray
STATE FARM'S POLICY PLAN

State Farm's plan to drop more than 1 million homeowner policies would not be done at once. It would spread the cancellations over a two-year period, ending late in 2011. Here's how the timing would work:

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