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Office Statement

Office Statement on State Farm Florida Insurance Company Court Ruling
Wednesday, March 30, 2016
Contact Info:

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

TALLAHASSEE, Fla. In a ruling today at the 2nd Judicial Circuit, the court agreed with State Farm Florida Insurance Company’s claim of trade secret protection for its Quarterly and Supplemental Reporting System (QUASR) data that is submitted to the Office pursuant to Florida law. The QUASR data includes the number of policies written by company by county. State Farm Florida has asserted that the policy distribution by county is trade secret.

“I am disappointed in the outcome of today’s ruling and believe this weakens the ability for consumers to access information in this state,” said Florida Insurance Commissioner, Kevin M. McCarty. “However, the Office respects the court’s decision and will evaluate its available options to determine any further action.”

The Office is awaiting a written order from the circuit court judge memorializing his ruling.   

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Contact Info:

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

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation 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 and Facebook

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