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question and answer on state farm's exit from florida for property insurance ...more
February 27, 2009
State regulators say Florida's insurance market can absorb most, if not all, of the 1.2 million policies State Farm plans to drop over two years beginning in November. About 470,000 policies, including all boat-owner policies, will be dropped during the first year. But many insurers won't sell policies for older homes and homes in high-risk coastal areas. ...more
February 27, 2009
It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more
February 25, 2009
State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more
February 25, 2009
It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more
February 25, 2009
State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more
February 24, 2009
State Farm's plan to drop 1.2 million policyholders in Florida will dominate discussions at a two-day summit on property insurance beginning Tuesday in Orlando. ...more
February 24, 2009
State Farm's plan to drop 1.2 million policyholders in Florida will dominate discussions at a two-day summit on property insurance beginning Tuesday in Orlando. ...more
February 23, 2009
Florida's Office of Insurance Regulation has launched a special section on its Web site devoted to homeowners whose policies will be canceled by State Farm over the next three years. The site, www.floir.com/statefarmdocs.aspx, provides State Farm policyholders key information about State Farm's plan to drop more than 700,000 homeowners polices statewide. ...more
February 23, 2009
Thousands of State Farm policyholders around Florida are angry with the insurance giant and can't wait to see the company leave. ...more
February 15, 2009
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