State Farm appeals state order on withdrawal
State Farm Florida has appealed the conditions the state set on its planned withdrawal from the state. The 67-page filing, coming at the end of 21-day deadline to file, blasts the February order.
The "conditions actually increase the risk to State Farm Florida's policyholders and the public."
But don't get all worked up for another clash between the insurer and Insurance Commissioner Kevin McCarty. State Farm spokesman Chris Neal said the action is "just to protect our legal rights" as talks continue about how to shift the 1.2 million policyholders to other insurers.
The filing comes as the Senate's banking and insurance panel is expected to hear about State Farm next week.