OIR subpoenas State Farm
And so it's war. Florida Insurance Commissioner Kevin McCarty has subpoenaed State Farm Florida as a part of an investigation, the office reported. Read the subpoena here.
The request is in response to OIR's review of State Farm's withdrawal plan. They're looking for names, addresses, policy types, policy limits and premium information for each of State Farm’s Florida policyholders.
“We need to fully understand all the potential risks, so that we can properly evaluate State Farm’s withdrawal plan,” said Commissioner McCarty. “As we told State Farm officials Tuesday, we intend to do everything we can to help facilitate a smooth transition of their policyholders, if their withdrawal plan is approved. Understanding how the company’s statewide risk is spread will help us in working to find other companies that might be willing to write policies for current State Farm customers.”