Commissioner McCarty Subpoenas State Farm For Public Hearing On Policies And Rates
Aug 7, 2007
The Florida Office of Insurance Regulation (“OIR”) has issued two subpoenas for a public hearing on policies and rates, respectively, to State Farm Florida Insurance Company and State Farm Florida Fire and Casualty Insurance Company. The subpoenas direct the two State Farm Florida subsidiaries to appear in a public hearing on rates and policies on August 14, 2007 in Tallahassee.
To view the subpeonas, click here.
Should you have any comments or questions, please do not hesitate to contact this office.
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Commissioner McCarty Subpoenas State Farm For Public Hearing On Policies And Rates
TALLAHASSEE (08/07/2007) – Florida Insurance Commissioner Kevin McCarty issued subpoenas to State Farm Florida Insurance Company and State Farm Florida Fire and Casualty Insurance Company late last month directing the two Florida subsidiaries to appear in a public hearing in Tallahassee. The subpoenas served on State Farm cite their recently filed non-renewal plans, State Farm’s decision to withdraw from condominium business in Florida and the impact these decisions may have on State Farm’s rates.
The public hearing is scheduled to be held at the Larson Building, 200 East Gaines Street, Room 116, in Tallahassee on August 14 at 9:30 a.m.
In 2005, the Legislature passed a law requiring the Office of Insurance Regulation to hold a public hearing concerning any residential rate filing that would increase policyholders’ premium by a statewide average exceeding 15 percent.
The hearing is open to the public, and input from interested parties is welcomed. The hearing will be taped by the Florida Channel and video will be available online shortly after the hearing at http://www.floir.com/pcfr/RateHearingVideo.htm. Those unable to attend the public hearing are welcome to forward comments to the Office at ratehearings@fldfs.com. The subject lines of the emails should read State Farm Hearing.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this hearing should telephone Sam Coskey at (850) 413-2616 or e-mail him at sam.coskey@fldfs.com at least 48 hours prior to the hearing.