Sun Sentinel reports: State Farm Florida Insurance Co. now wants a 67 percent average statewide property insurance rate increase, months after Florida Insurance Commissioner Kevin McCarty said he would reject the insurer’s…
Tag: State Farm
State Farm strikes again
Daily News reports State Farm wants at 47 percent rate increase. Read more Miami Herald increase could be as much as 70 percent for some homeowners. More
Small victory in Insurance War
In the PNJ: The insurer agrees to lower its premiums an additional 2 percent — bringing the total cut since June to an average 9 percent — to comply with new laws…
State Farm, thanks for the memories
State Farm made $5.32 billion last year. Yet it “must” drop homeowner policies in our area. The insurance giant has over covered the Outzen home since 1986. Last Jan. they raised our…
State Farm premiums up… so are profits
From the Insurance Journal: State Farm generated a record $5.32 billion profit last year. In 2005 – due to Hurricane Katrina – the insurance giant only earned a profit of $3.24 billion….