AM Best has upgraded the FSR to A- (Excellent) from B++ (Good) and the Long-Term ICR to “a-” from “bbb+” of State Farm Florida Insurance Co. (State Farm Florida) based in Winter Haven, Fla. The outlook of these ratings has …
Fast-moving Hurricane Michael is expected to be a significant storm for the Florida Gulf Coast, and the state’s top insurance regulator says the insurance industry is ready to respond to whatever destruction it may bring. “Through Hermine, Matthew and Irma …
One of Florida’s largest homeowner insurers has announced it will once again begin writing new business in the state, just several years after canceling a substantial portion of its book of business. State Farm Florida announced it has plans to …
Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent increase citing hurricane and underwriting …
Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to write new business. At a public …
