TALLAHASSEE, Fla. (AP) - Florida's largest private homeowners
insurer - State Farm Florida - is planning to stop selling property
insurance in the state.

State Farm spokesman Chris Neal said Tuesday that slightly more
than a million customers will be affected, but said that none need
to worry immediately.

The Illinois-based insurer can't do anything before completing a
regulatory review in 90 days and is then prohibited by law from
discontinuing any policy before giving a six-month notice.

Neal said State Farm's 2.8 million auto customers in
the state are not affected by the company's decision.

In a statement, State Farm said it has been unable to obtain
regulatory approval from Florida officials on adequate rates for
its property insurance lines.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 38458214 - wtvy.com/a?a=38458214
Gray Television, Inc.