The following article from InsuranceJournal.com details more information regarding the ongoing State Farm withdrawal from the Florida Homeowner’s Insurance market.
Posts Tagged ‘State Farm’
State Farm Appeals Conditions Placed on Florida Withdrawal
Monday, March 9th, 2009State Farm Requests Tremendous Rate Increase
Wednesday, July 23rd, 2008State Farm has submitted a request to increase home insurance rates as much as 47% in some areas.
Options for Homeowners to get More Scarce Very Shortly
Tuesday, April 8th, 2008State Farm has stopped writing policies in Florida. They will also drop 50,000 home policies issued to coastal residents. This will place greater pressure on the state-run insurance provider, Citizens Property Insurance in the State.
Allstate has dropped over 400,000 policies in the past four years.
Liberty Mutual and Nationwide have also been withdrawing from Florida.
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