Office Statement on State Farm Florida Insurance Company Court Ruling
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.