State Farm Florida on Friday appealed stipulations that Insurance Commissioner Kevin McCarty has put on its plan to withdraw from the state's property insurance market because of the high risk of hurricanes. ...more

March 7, 2009

I had a chuckle at the blog quoted in the Sunday article in the Highlands Today. I will tell "Abrand" that he should say "good riddance" to expensive Auto Owners as I did last year. I too had Auto Owners for over 20 years with coverage on my house, boat and two autos. I had a small $400 claim after Charley, and they paid promptly. Last year I received notice that Auto Owners would not renew my homeowner's policy on the anniversary date. After talking with my local agent, I found out that Auto Owners was "reducing their exposure" in their homeowner policies in Florida. I was assured that it was a random selection process, as they just couldn't drop the high risk storm surge policies on the coasts because it would be "discriminatory" and have repercussions. The local agent said that there were many such non-renewals in Highlands County and that they had appealed to no avail! ...more

February 7, 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: ...more

January 28, 2009

State Farm, Florida's largest private property insurer, said Tuesday that it is getting out of the property insurance business in Florida because its premiums aren't high enough to cover claims. ...more

January 28, 2009

State regulators are making progress in moving policies out of state-run Citizens Property Insurance Corp. and into the hands of private insurers. ...more

December 14, 2008

By asking the simple question "why" and refusing to back down until he got a reasonable answer, Florida Insurance Commissioner Kevin McCarty has saved customers of Allstate millions of dollars. ...more

August 20, 2008

After being barred by state regulators from seeking new business and losing its appeal in state court, Allstate Corp. agreed on Friday to settle its dispute with Florida regulators. ...more

August 16, 2008

BY THE NUMBERS $108 million: What State Farm Florida earned in 2007 ...more

August 12, 2008

Policyholders State Farm will drop this year. ...more

July 24, 2008

Nationwide Mutual Insurance Co. is lobbying Congress for permission to allow insurance companies to include flood coverage in homeowner policies. The vast majority of flood insurance policies are currently sold by insurers but subsidized by the National Flood Insurance Program. ...more

June 26, 2008