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TALLAHASSEE (AP) - Insurance Commissioner Kevin McCarty opened the door Friday for State Farm Florida to withdraw from the state's property insurance market, but only after it meets several stipulations. ...more
February 14, 2009
Many politicians, editorialists and citizens have weighed in on the recent decision by State Farm to withdraw from Florida's property insurance market. Some of the comments have derided the decision. These comments sometimes emanate from a lack of understanding of the issues and, unfortunately, others come from people who know better. ...more
February 14, 2009
Florida Insurance Commissioner Kevin McCarty on Friday approved State Farm's exit from under a plan that would keep state-run Citizens Property Insurance from swelling. ...more
February 14, 2009
The Florida Insurance Commissioner has approved State Farm's exit from Florida. Kevin McCarty "conditionally approved the withdrawal plan submitted Jan. 27," a news release says. ...more
February 13, 2009
Kenneth J. Warzyn of New Port Richey says attempts by Florida officials to punish State Farm for withdrawing from the state's property insurance market could backfire and hurt seniors. ...more
February 7, 2009
State Farm is planning to appeal the state's rejection of its rate filing in court - but don't mistake that for a sign that the company might stick around, company officials said Thursday. ...more
February 6, 2009
The last few days there have been numerous letters to the editor in Highlands Today and also The Tampa Tribune regarding the State Farm Insurance abandonment of the state of Florida homeowners insurance. I wonder why I haven't seen anything about the 25 percent increase awarded to Progress Energy which took effect on Jan.1? This outrageous increase hits us during one of the country's worst economic recessions in recent memory. I have written letters to Governor Crist and our local Rep. Denise Grimsley trying to get them to rescind or even delay this increase. The governor forwarded my letter to the Public Service Commission and I received a letter from them outlining the reasons why the increase to Progress Energy was awarded. They tell me that one of their reasons was the increase in the cost of fuel and another was the building of a nuclear power plant. ...more
February 6, 2009
Fire State Farm Editor's note: The following letter was written to Jim Thompson, president of State Farm Florida, and forwarded to Sen. Mike Fasano. It is reprinted here at the author's request. ...more
February 5, 2009
Private property insurers should be able to absorb the million-plus policyholders State Farm will orphan if the company withdraws from the market, a state regulator said Tuesday. ...more
February 4, 2009
Private property insurers should be able to absorb the million-plus policyholders State Farm will orphan if the company withdraws from the market, a state regulator said Tuesday. ...more
February 3, 2009
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