Highlights
State Farm Florida Insurance Co. is Florida's largest private property insurer, with more than 1 million policies throughout the state, according to the latest figures available from the Florida Office of Insurance Regulation. State Farm Florida is State Farm's subsidiary that handles property insurance policies in Florida. It was created in 1998 and approved by then-Insurance Commissioner Bill Nelson, and in February 1999 started covering State Farm customers in Florida. State Farm Florida is based in Winter Haven. State Farm Florida's parent company is State Farm Mutual Automobile Insurance Co., based in Bloomington, Ill. State Farm Mutual Automobile Insurance Co. is Florida's largest auto...
State Farm Florida Insurance Co. is Florida's largest private property insurer, with more than 1 million policies throughout the state, according to the latest figures available from the Florida Office of Insurance Regulation. State Farm Florida is State Farm's subsidiary that handles property insurance policies in Florida. It was created in 1998 and approved by then-Insurance Commissioner Bill Nelson, and in February 1999 started covering State Farm customers in Florida. State Farm Florida is based in Winter Haven. State Farm Florida's parent company is State Farm Mutual Automobile Insurance Co., based in Bloomington, Ill. State Farm Mutual Automobile Insurance Co. is Florida's largest automobile insurer. State Farm Mutual Automobile Insurance Co. is a mutual company, which means that its policyholders own the company. For years after Hurricane Andrew, State Farm did not sell new homeowner policies in South Florida. Recently, the company started selling new policies in South Florida, but on a very limited basis. While other insurance companies in Florida dropped hundreds of thousands of customers after the devastating 2004 and 2005 hurricane seasons, State Farm Florida officials said they wanted to avoid dropping its customers' policies. That changed in the summer of 2007, when State Farm Florida announced it would not renew policies of 50,000 customers who lived within two miles of the Florida coast. Shortly following that announcement, the state subpoenaed State Farm Florida and its parent companies as part of an investigation into a possible conspiracy among insurers to keep property insurance prices high. The Office of Insurance Regulation also disagreed with the amount of savings State Farm Florida was passing onto its customers after the state allowed companies easier access to backup coverage from the Florida Hurricane Catastrophe Fund. In October 2007, regulators settled their case with State Farm Florida. The company is continuing to cooperate with the state in its investigation into alleged collusion between insurers, insurance trade groups and insurance rating agencies.
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Appeal denied in State Farm hurricane rate case
South Florida Sun-SentinelThe state's insurance commissioner on Friday denied State Farm Florida's appeal of his decision to reject a 47.1 percent rate increase for property coverage against hurricanes and other perils. Commissioner Kevin McCarty refused to grant a formal hearing...Tags: Insurance, Natural Disasters, Hurricanes, Meteorological Disasters, Farms
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John C. Fallon, lawyer and insurance executive
John C. "Jack" Fallon, a retired lawyer and insurance company executive, died Aug. 27 of progressive supranuclear palsy at Stella Maris Hospice in Timonium. The Riderwood resident was 77. Mr. Fallon, who was born in Cincinnati, grew up in Mount...Tags: Loyola College in Maryland, Christianity, Roman Catholic, Colleges and Universities
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State Farm prepares for Hurricane Gustav
State Farm Insurance has deployed hundreds of claims adjusters to the Gulf Coast who will be available to assist customers after Hurricane Gustav moves through the region. The Bloomington-based insurer said Monday that employees were moving to staging...Tags: Insurance, Natural Disasters, Meteorological Disasters, Farms, Disasters
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ILLINOIS STYLE: Custom tailoring is not a lost art
The (Champaign) News-GazetteLet's speak frankly. "I'm a little bulky around the waist," said Larry Welton, a State Farm Insurance agent for 46 years. He's not the easiest guy to fit. If he tries on an off-the-rack suit that fits him around the waist, the pant legs often end up...Tags: Sales, Clothing, Government, National Government, Wine, Beer, and Spirits
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Don't forget renters insurance
The population of renters across the country is growing, edged up in part by a slumping housing market. Yet, as graduates and others enter the work force and set up their first apartments, renters insurance probably isn't a burning issue. It's often only...Tags: Condos and Houses, Rentals, Allstate Corporation, Apartments
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When the going gets tough, lobbyists get going
Sentinel Staff WriterDespite new media and technology, the costs of lobbying and campaigning continue to climb. What does it cost to get an audience with Gov. Charlie Crist? If your name is Big Sugar, the price doubled this year. The Clewiston-based sugar giant's spending...Tags: Personal Service, Executive Branch, Houston Texans, CBS Corp., Jeb Bush
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A bull (Gator) market
Gainesville BureauThis is a public service announcement from the hard-working folks at Gators Inc. "We brought you titles. We brought you Tim Tebow. We brought you high-profile coaches such as Urban Meyer and Billy Donovan. In turn, we hope you, member of Gator Nation,...Tags: Florida Gators, Tim Tebow, Urban Meyer, Colleges and Universities, Greg Brown
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Wanted: 10,000 elections officers
804-225-7345In James City County, restaurants are being encouraged to "adopt a poll" on Nov. 4 and provide boxed lunches to weary elections officers. "One of my precincts, unknown to them at this point, is going get crab cake dinners with steamed vegetables," said...Tags: John Warner, Executive Branch, John McCain, Denbigh, Government
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Special-interest lobbies pour cast into judicial races
Chicago Tribune correspondentSixty-six percent of Americans can name at least one judge on the popular TV show "American Idol," while only 15 percent can identify John Roberts as chief justice of the Supreme Court. That's according to a poll showing Americans are largely clueless...Tags: Elections, Farms, Lawyers, Democracy, Judges
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WGN-TV presents the 7th annual Back-to-School Kids Fair
WGN-TV welcomes back the school year with its 7th annual "WGN-TV Back-to-School Kids Fair" to be held Friday, August 8, 6-9am at WGN-TV Studios, 2501 W. Bradley Place in Chicago. WGN's own Robin Baumgarten and Larry Potash will be broadcasting live from...Tags: Kohl's Corporation, Health and Safety at School, Harry Potter, Consumer Electronics Industry, Bally Total Fitness Holding Corporation
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Davie, Plantation, Miramar, Southwest Ranches study fees for traffic accidents
South Florida Sun-SentinelPrepare to pay more if you get into a traffic accident. Davie this month will likely vote on whether to bill drivers from outside the town who are cited in collisions requiring the attention of police and firefighters. Plantation, Miramar and Southwest...Tags: Southwest Ranches, Insurance, Transportation Accidents, Plantation, Davie
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Buying power in nine L.A. neighborhoods is underestimated, study says
Los Angeles Times Staff WriterSydney Bradford doesn't own a car, so when she needs to shop, she jumps on a bus. Then she gets on another one, and another. "To get to the nearest pharmacy, I take three buses," she said. Bradford's odyssey reflects the scarcity of shopping choices...Tags: Groceries, Chicago Mortgages, Vice, Postal, Population
Sep 5, 2008
|Story| South Florida Sun-Sentinel
Sep 3, 2008
|Story| Baltimore Sun
Sep 1, 2008
|Story| Associated Press
Aug 31, 2008
|Story| Associated Press
Aug 30, 2008
|Story| Hampton Roads Daily Press
Aug 24, 2008
|Column| Orlando Sentinel
Aug 10, 2008
|Story| South Florida Sun-Sentinel
Aug 10, 2008
|Story| Hampton Roads Daily Press
Jul 28, 2008
|Story| Chicago Tribune
Jul 30, 2008
|Story| WGN-TV
Aug 4, 2008
|Story| South Florida Sun-Sentinel
Jul 23, 2008
|Story| Los Angeles Times
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