Make us your home page
Instagram

Regulators plan State Farm hearing Wednesday over renters insurance hike

State Farm policyholders will be able to air concerns over a proposed 58 percent average rate hike in renters insurance at a public hearing in Tallahassee today.

The hearing will start at 9 a.m. in the Sen. Jim King Committee Room of the 401 Senate Office Building. Any comments or concerns not addressed at the hearing may be forwarded to ratehearings@floir.com until Aug. 1. The subject line of any e-mail should read "State Farm Florida."

State Farm has also proposed an average 14.2 percent increase in homeowners policies, along with reinstating and altering some discounts. However, state law only requires public hearings for average rate requests that exceed 15 percent.

The Florida Office of Insurance Regulation let State Farm shed 125,000 policies even as it has hiked rates multiple times in the past three years.

But with nearly 500,000 policies statewide, State Farm is still the third-largest property insurer in Florida behind Universal Property & Casualty and the state-run insurer of last resort, Citizens Property Insurance.

Regulators plan State Farm hearing Wednesday over renters insurance hike 07/24/12 [Last modified: Tuesday, July 24, 2012 9:00pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Strategic Property Partners launches website for Water Street Tampa

    Business

    Strategic Property Partners has launched its official website for Water Street Tampa, its 53-acre redevelopment project in downtown Tampa Tuesday.

    Strategic Property Partners on Tuesday announced the name of its new development: Water Street Tampa. [Photos courtesy of SPP]
  2. ReliaQuest CEO Brian Murphy named sole Tampa Bay winner in EY state entrepreneur contest

    Business

    ReliaQuest founder and CEO Brian Murphy was named one of nine winners statewide and the only one from the Tampa Bay area in the Ernst and Young Entrepreneur Of The Year 2017 Florida Awards program. Murphy won in the IT security division after starting ReliaQuest in 2007. Five of the nine winners were from the Miami …

    Tampa's ReliaQuest founder and CEO Brian Murphy was named one of nine winners statewide and the only one from the Tampa Bay area in the Ernst and Young Entrepreneur Of The Year 2017 Florida Awards program. Murphy won in the IT security division after starting ReliaQuest in 2007.
  3. U.S. Rep. Charlie Crist and estranged wife Carole put Beach Drive condo on the market

    Real Estate

    ST. PETERSBURG — U.S. Rep. Charlie Crist and his estranged wife, Carole, have put their Beach Drive condo on the market for $1.5 million.

    Former Florida Gov. and current U.S. Rep. Charlie Crist and his estranged wife, Carole, have put their condo in downtown St. Petersburg on the market for $1.5 million. [Courtesy of Rhonda Sanderford]
  4. First WannaCry, now cyberattack Petya spreads from Russia to Britain

    Business

    Computer systems from Russia to Britain were victims of an international cyberattack Tuesday in a hack that bore similarities to a recent one that crippled tens of thousands of machines worldwide.

    A computer screen cyberattack warning notice reportedly holding computer files to ransom, as part of a massive international cyberattack, at an office in Kiev, Ukraine, on Tuesday.  A new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across Europe.
[Oleg Reshetnyak via AP]