state farm: State Farm & Florida Insurance Regulators Out Of Court Until June - 05/15/09 08:14 AM
Recent news reports say that insurance giant State Farm and Florida insurance regulators have called a cease-fire on going to court as negotiations continue over how State Farm can follow through with their withdrawal from the Florida property insurance market.
The two opposing sides have agreed that there is no need for a hearing until their talks continue, on June 15.
This January, State Farm, which is Florida's biggest property insurer, announced their plan to pull out of the Sunshine State's property insurance market, meaning that some 1.2 million policies will be dropped over the next two years - 700,000 of … (1 comments)




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