State Farm Florida dropped its plan to withdraw from the property insurance market in hurricane-prone Florida on Wednesday as part of a settlement with state regulators that includes an average 14.8 percent rate increase for homeowners and condominium owners. ...more

December 17, 2009

State Farm Florida has dropped plans to withdraw from Florida's property insurance market. ...more

December 16, 2009

State-backed Citizens Property Insurance Corp. has won approval to raise rates by an average of 5.4 percent for homeowner coverage that includes hurricane damage, except in high-risk coastal areas where premiums will be revised later. ...more

October 31, 2009

It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more

February 25, 2009

It looks as though the only major property insurer committed to stay in Florida is Florida's own Citizen's Property Insurance Corporation. Allstate bailed out; now State Farm. ...more

February 25, 2009

State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more

February 25, 2009

State Farm won't be the last property insurer to pull up stakes in Florida if insurance companies aren't allowed to charge their customers higher rates, industry experts said Tuesday. ...more

February 24, 2009

State Farm, Florida's largest private property insurer, said Tuesday that it is getting out of the property insurance business in Florida because its premiums aren't high enough to cover claims. ...more

January 28, 2009

State Farm, the second-largest property insurer in Florida, said today that it will stop providing property insurance statewide, a move that would affect more than 1 million policyholders. ...more

January 27, 2009

With residents already struggling to make ends meet during the recession, the last thing they need now are higher premiums on Citizens Property Insurance homeowner insurance policies, a state lawmaker believes. So state Sen. Mike Fasano, R-New Port Richey, announced this week he will introduce legislation in March to extend the rate freeze on Citizens rates for another year. Citizens is the state-sanctioned property insurer of last resort. ...more

January 17, 2009