State Farm Homeowners Insurance in Florida

State Farm Homeowners Insurance, Florida, policy holders will start receiving their non-renewal notices this week from. The company is cutting roughly 125,000 policies for State Farm Homeowners Insurance in Florida over the next 18 months. This first wave of non-renewal notices going out the first week of February in 2010, with be to Florida’s State Farm homeowners insurance policy holders with August 1^st, 2010 renewal dates.

Last January, State Farm Insurance said it would stop writing Florida homeowners insurance after the Florida Insurance commissioner rejected the rate increase of 47.1% for State Farm homeowners insurance in Florida. In December, State Farm insurance and the Florida Insurance regulation office reached an agreement. The deal permits a 14.8% increase by State Farm for Florida homeowners insurance and State Farm Condo Insurance. State Farm insurance covers nearly 714,000 Florida homeowners, and plans to reduce its hurricane risk by cutting these policies.

There has been a lot of political and consumer pressure on the Florida Insurance Commission, the Florida CFO, Alex Sink, who is running for Florida Governor, and the current Florida Governor, Charlie Crist, who is in a heated battle for the Republic nomination for Florida’s U.S. Senate seat. Many Florida State Farm homeowners’ insurance agents have been unhappy with the confusion and uncertainty surrounding the company’s dealings. Additionally, the business and personal customers having State Farm homeowners Insurance in Florida, and State Farm business property insurance and other State Farm business insurance in Florida have been struggling with the uncertainty surrounding the insurance company’s future in Florida.

The homeowners insurance is written by State Farm Florida, a subsidiary of the Bloomington, Illinois-based State Farm Insurance.

If you are looking to replace your State Farm homeowners insurance in Florida, please contact ALC Risk Solutions. ALC Risk Solutions writes property and liability insurance and is based out of Miami, Florida. ALC Risk is a subsidiary of JFIA Boca, a Nationwide Insurance agency in Boca Raton, Florida.