The long struggle between State Farm Florida and the insurance regulator has come to a close. Under a Consent Order announced today from the office of Insurance Commissioner Kevin McCarty, State Farm Florida will keep most of its property insurance business in the state. The Order grants the insurer a rate increase of 14.8 percent and the authorization to non-renew 125,000 policies of its 810,416 residential property policies reported as of October 2009. Even after the non-renewals, State Farm Florida will remain the largest private insurer of property insurance risk in Florida.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.