September 25, 2022
Health Insurance

State Farm Florida Withdraws its Plan to Depart the State and Agrees to Non-Renew no Greater than 125,000 Residential Property Insurance policies

The Florida Workplace of Insurance coverage Regulation (OIR) has entered a Consent Order immediately resolving the try by State Farm to go away the Florida property insurance coverage market.

 

In response to a press launch by the OIR, State Farm can be allowed to non-renew not more than 125,000 of its 810,416 home-owner insurance policies and can be granted a 14.8% charge improve.

You may learn particulars within the OIR press launch right here, and skim the Consent Order right here.

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