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Home Insurance News
Breaking News: State Farm1 is Raising Rates and Cancelling Clients in Florida
State Farm will Cancel 15% of Policies, Raise Rates 15%2
"Florida’s acrimonious battle with State Farm over its effort to leave the state’s homeowners insurance market has ended with the company winning a 14.8 percent rate increase and permission to drop 125,000 policyholders."3
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1 State Farm Florida is a Subsidiary of State Farm Mutual Insurance Company; statefarm.com/florida
2"State Farm Florida will remain in Florida under a negotied agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent"; http://www.insurancejournal.com
3http://www.property-casualty.com/News/2009/12/Pages/State-Farm-To-Stay-In-Fla-Home-Market-Will-Cut-125000-Policies-.aspx
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