Aug 14, 2008
> The National Association of Insurance Commissioners will hold a Catastrophe Reserve Working Group meeting on August 14, at 11:00 a.m. via teleconference. Registration is required. Meeting materials include: Meeting Agenda Catastrophe Reserve Proposal Comments from Jim Olsen, Director, Insurance …
Aug 13, 2008
Regulators demanded explanations from State Farm as it defended its 47.1 percent rate-increase request at a public hearing. BY BEATRICE E. GARCIAMiami Herald–August 13, 2008 Regulators grilled State Farm officials Tuesday, demanding explanations to justify the 47.1 percent rate hike …
Aug 13, 2008
Miami Herald–August 12, 2008 BY BEATRICE E. GARCIA State Farm Florida Insurance has told the Office of Insurance Regulation that its actuary was incorrect when she said the company planned to drop an additional 31,000 policies Tuesday morning. During a …
Aug 13, 2008
Brevard homeowners would pay 59% more for State Farm coverage BY PAUL FLEMMINGFlorida Today–August 13, 2008 State regulators on Tuesday aggressively grilled State Farm officials asking them to justify their request for an average 47 percent increase in homeowners’ insurance …
Aug 13, 2008
St. Petersburg Times–August 13, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — When State Farm officials appeared before Florida regulators Tuesday to seek a 47.1 percent statewide average rate hike, Office of Insurance Regulation general counsel Steve Parton zeroed …
Aug 13, 2008
News-Press–August 12, 2008 I know, “when it rains, it pours.” But in the midst of our economic storm, State Farm brings Noah to mind. Amazingly, State Farm officials kept a straight face Tuesday in trying to defend their requested 47 …
Aug 13, 2008
To view a complete story, click on a headline below: State Farm pressed on hike Regulators demanded explanations from State Farm as it defended its 47.1 percent rate-increase request at a public hearing. Regulators grilled State Farm officials Tuesday, demanding …
Aug 13, 2008
On Tuesday, August 12, 2008, the Florida Office of Insurance Regulation (“OIR”) held a hearing to address State Farm Florida Insurance Company’s (“State Farm”) request for a 47.1 percent overall increase for new and renewal homeowners’ insurance policies. The increase …
Aug 12, 2008
Florida consumers have been told mitigation could be the sure way to reduce insurance costs, but one insurer says it’s killing its bottom line and wants a big rate hike. BY BEATRICE E. GARCIAMiami Herald–August 12, 2008 When Edgar Wilson …
Aug 12, 2008
St. Petersburg Times–August 11, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — Instead of facing a proposed 47.1 percent average increase in property insurance premiums, State Farm’s nearly 1-million customers statewide should see rates cut almost 40 percent, according …