NU Online News Service, July 21, 4:04 p.m. EDT
A Florida appeals court affirmed an administrative judge's ruling that allows the state's Insurance Commissioner Kevin McCarty to deny a homeowners insurance rate increase to State Farm.
Without comment, Florida's District Court of Appeals, First District, in Tallahassee, yesterday affirmed the commissioner's denial. A reverse decision could have increased rates by as much as 67 percent.
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