NU Online News Service, Dec.16, 12:41 p.m. EST
Florida's acrimonious battle with State Farm over its effort to leave the state's homeowners insurance market has ended with the company winning a 14.8 percent rate increase and permission to drop 125,000 policyholders.
Insurance Commissioner Kevin McCarty announced that he had ended the yearlong dispute and resolved pending legal action with a consent order allowing the non-renewal of 125,000 of the company's 810,416 Florida policies.
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