DOAH Judge Recommends Denial of State Farm Rate Increase
– The Florida Office of Insurance Regulation (Office) today announced that Administrative Law Judge Daniel Manry of the Division of Administrative Hearings (DOAH) late Friday afternoon issued a Recommended Order
denying State Farm’s indicated statewide average rate increase of 67.0 percent and its requested increase of 47.1 percent.
The Judge’s Order states: “State Farm Florida did not show by a preponderance of the evidence that either the indicated rate or requested rate in the rate filing is not excessive, inadequate, or unfairly discriminatory.”
Because Insurance Commissioner Kevin McCarty is the final hearing officer of this matter, the Office will not comment further.
Commissioner McCarty’s Final Order is due within 30 days.