Florida Rejects State Farm Rate Request
POSTED: Monday, August 25, 2008
TALLAHASSEE, Fla. -- Florida insurance regulators have rejected State Farm's request for a 47.1 percent increase on its homeowners policies in the state.The Office of Insurance Regulation on Monday said State Farm failed to appropriate support for the rate increase it requested in July.The Illinois-based insurance giant has 21 days to petition for an administrative hearing and is prohibited from increasing its rate until it is granted state approval.State Farm is the largest private homeowners' insurer in Florida with roughly 1 million policyholders. State-backed Citizens Insurance is the larger carrier of Florida homeowner policies with roughly 1.2 customers.
Copyright 2008 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 THE LATEST HURRICANES MORE RESOURCES THE WEATHER AUTHORITY  Count on the local station for the latest information |
One person is dead following a traffic crash in the middle of the Fuller Warren Bridge.
A St. Augustine woman was killed and two people were injured early Friday morning in a head-on crash between two sport utility vehicles on Interstate 10.
A 25-year-old is accused of shooting a friend who was trying to calm him down after being ejected from Thursday night's Suns baseball game for being drunk.
A 21-year-old prisoner found unresponsive in her bed at the Bradford County Jail at 6 a.m. Friday was pronounced dead by paramedics, according to the sheriff's office.
Gov. Sarah Palin announces she will instead step down, leaving her former office to Lt. Gov. Sean Parnell.
The Jacksonville Sheriff's Office has arrested four people accused of shoplifting at a Westside department store is also suspected of hitting stores at the St. Johns Town Center.
Of hundreds of photos of Friday's waterspouts and funnel clouds, one stands out -- one looking up into the vortex of the swirling system.
Keyontaye Poole's mother heard him crying "Mama," but she could not get to him through the thick smoke.
One day after 76 dogs were confiscated from a south Putnam County mobile home, plenty of people are offering homes for the animals, but they may only be temporary.
Jacksonville begins Independence Day festivities on Friday, with much more in store for the holiday.
It formed in southern Duval County and slowly moved north -- mostly on or near the St. Johns River -- so thousands of people could witness its power.
Talk about adding a late-inning buzz to a ballgame.
Email Alerts
RSS News Feeds
Mobile
Live Streams
Slideshows
Video
Search
