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At least one West Pasco lawmaker is infuriated with State Farm Florida after the insurance announced it wants to pull out of property insurance. ...more
January 29, 2009
After State Farm revealed plans Tuesday to withdraw from the property insurance market in Florida, its customers wasted no time in searching for new coverage. ...more
January 29, 2009
State Farm, the second-largest property insurer in Florida, said today that it will stop providing property insurance statewide, a move that would affect more than 1 million policyholders. ...more
January 27, 2009
The similarity of our national economic meltdown to the property insurance crisis poised to occur within Florida's economy should serve as a wake-up call to us all. Our state stands among the leaders of a motley pack suffering the ill effects of an overheated real estate market. But we stand alone in our potential to add to this economic misery due to the collapse of an artificial property insurance market crafted by the hand of government. ...more
October 18, 2008
There is absolutely nothing creative about the Tribune's editorial, "Creative Windstorm Coverage," (Our Opinion, May 31.) It has been discussed for years. ...more
June 9, 2008
In a move bound to further roil Florida's turbulent insurance market, State Farm has decided to stop writing new homeowners insurance policies. ...more
February 25, 2008
Billionaire investor Warren Buffett said he offered to shore up $800 billion of municipal bonds guaranteed by troubled MBIA Inc., Ambac Financial Group Inc. and FGIC Corp. in a bid to gain 33 percent of the debt insurance market. ...more
February 13, 2008
Hillsborough County commissioners are right to explore ways to stimulate the economy, but they're wrong to suggest cutting impact fees in half. ...more
January 21, 2008
Regulators' brash move to boot Allstate Corp. out of Florida's future auto insurance market sharply raises the stakes in the state's investigations of additional homeowners insurance companies and how they set their rates. ...more
January 17, 2008
What does this have to do with homeowners insurance? Allstate's penalty stems from what state regulators say is the company's failure to comply with subpoenas related to an investigation into rate-setting strategies for homeowners insurance. Allstate is not writing homeowners' policies in Florida under its own nameplate, but its auto insurance business is lucrative. Insurance Commissioner Kevin McCarty said the state is "going to hit them where it hurts." ...more
January 17, 2008
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