State Farm Florida

• State Farm Takes Underwriting Loss; Net Income Up

  By Chad Hemenway, PropertyCasualty360.com  |  March 7, 2011

  State Farm said it posted an underwriting loss in its auto insurance business of $2.8 billion in 2010, but improvement in the property and casualty segment overall drove a 200 percent increase in net income for the year.

• State Farm Florida Seeks 28 Percent Rate Hike

  By Associated Press  |  February 16, 2011

  Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators Tuesday for a 28 percent premium increase on its homeowners’ policies.

• State Farm Florida Seeks Avg. 27.7% Increase; Sinkhole Costs Up

  By Chad Hemenway, PropertyCasualty360.com  |  January 31, 2011

  State Farm Florida has asked regulators to approve a statewide average homeowners insurance rate hike of 27.7 percent.

• Candidates Offer Change for Florida's Insurance Industry

  By Gary Fineout  |  October 1, 2010

  The person who will be sitting in the governor's chair this coming January will face a myriad of challenges, not the least of which is Florida's troubled property insurance market and other insurance-related issues.

• Florida Fortified For Big-Storm Impact, But Doubts Remain About Bigger Picture

  By Chad Hemenway, PropertyCasualty360.com  |  August 9, 2010

  Thanks to a string of very good luck--namely, four consecutive years of calm hurricane seasons--the Florida property insurance market appears able to absorb the blow of a large storm in addition to a series of smaller events this year.

• Florida Fortified for Big-Storm Impact

  By Chad Hemenway, PropertyCasualty360.com  |  August 5, 2010

  Florida's property insurance market appears able to absorb the blow of a large storm in addition to a series of smaller events this year.

• A.M. Best Downgrades Deteriorating State Farm Florida

  By Chad Hemenway, PropertyCasualty360.com  |  August 3, 2010

  The financial strength rating of State Farm Florida has been downgraded by A.M. Best Co. several days before the insurer begins non-renewing policies under a previous agreement with the state to keep it in Florida.

• Compromise Measure on Florida's Property Insurance Market Could Emerge

  By Gary Fineout  |  April 1, 2010

  After years of fighting between politicians and Florida's property insurers, it appears that the state's private carriers may be on the verge of getting the ability to raise their rates by a limited amount.

• Rethinking Florida's Property Market

  By Gary Fineout  |  April 1, 2010

  Florida's top insurance regulator told his bosses at the March 23 cabinet meeting that the state's property insurance market remains fragile despite no hurricanes hitting the state of Florida for the last four years.

• 2010 Session Brings Danger, Opportunity

  By Gary Fineout  |  March 1, 2010

  Florida lawmakers face-off this session amid the continuing problems of budget deficits, high unemployment, and a sluggish economy -- along with growing disenchantment from voters.