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Media Advisory

State Farm Florida Insurance Company Public Rate Hearing
Tuesday, October 08, 2013
Contact Info:

Amy Bogner
(850) 413-2515
Amy.Bogner@floir.com

Who:
State Farm Florida Insurance Company Public Rate Hearing
What:

A public rate hearing will be held to discuss State Farm Florida Insurance Company’s proposed rate increase for its rental dwelling line of business.

State Farm Florida proposed a statewide average rate level increase of 35.1%. The proposed change would result in an average premium effect of +25.6%. The reason for the difference between the rate change and premium effect is that the company has also requested to eliminate all flat deductibles and create minimum deductibles of 2% for hurricane and 1% for all other perils.

A copy of the agenda is available.

Interested parties may review the filing through the Office of Insurance Regulation’s (Office) I-File Forms & Rates Filing Search system through the “Quick Search” option by using either the company name or the file-log # 13-15214.

A video recording of the hearing can be found here.

 

When:
Wednesday, October 09, 2013 9:00 AM
Where:

Florida Office of Insurance Regulation
Room 116, Larson Building
200 East Gaines Street
Tallahassee, Florida 32399

Contact Info:

Amy Bogner
(850) 413-2515
Amy.Bogner@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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