State Farm Florida appeals the denial of its rate hike request in a hearing at 9:30 a.m. today in Tallahassee. The insurer had asked in July for an average overall increase of 47 percent for homeowners policies, which was turned away in August by the Office of Insurance Regulation. Now the Division of Administrative Hearings will take up the issue. State Farm policyholders in certain parts of Florida could have seen increases of as much as 70 percent, such as in Pinellas County. The smallest requested change was a19 percent increase in Pasco.
Learn business potential of Africa
"Doing Business with Africa: Practice, Issues and Potential" will be from 8:30 a.m. to 1:45 p.m. Wednesday in Tampa. Sponsored by centers at the University of Florida and the University of South Florida, it features sessions on cultural issues, sectors to watch, government assistance programs, the regulatory environment and South Africa. A $75 registration fee includes lunch and materials. Visit sbdc.usf.edu/calendareventdetails.asp?eventid=127 or call (813) 905-5810.
Monthly jobless data to be released
The Bureau of Labor Statistics will release monthly employment and unemployment numbers by metro area at 10 a.m. Wednesday. Visit www.bls.gov.
Utility earnings likely to be bleak
Progress Energy and Tampa Electric may report gloomy results this week. TECO Energy, parent company of Tampa Electric and Peoples Gas, will announce its third-quarter results Thursday before the market opens. The company will host a conference call at 10 a.m. A live Webcast of the call will be available at www.tecoenergy.com. Progress Energy will release its third-quarter results before markets open on Friday. It will host a conference call at 10 a.m., which can be accessed at (913) 312-1269, confirmation code 7790547, or www.progress-energy.com/webcast.