State Farm Florida Insurance Company has requested a 58.0% overall rate increase for its rental dwelling line of coverage. The proposed rate increase would be effective December 1, 2012 for new business and January 15, 2013 for renewal business. ...

 

DEPARTMENT OF FINANCIAL SERVICES
OIR – Insurance Regulation

The Office of Insurance Regulation announces a hearing to which all persons are invited.

DATE AND TIME: July 25, 2012, 9:00 a.m.

PLACE: Jim King Committee Room (401 Senate Office Building), Tallahassee, Florida (adjacent to The Capitol)

GENERAL SUBJECT MATTER TO BE CONSIDERED: State Farm Florida Insurance Company has requested a 58.0% overall rate increase for its rental dwelling line of coverage. The proposed rate increase would be effective December 1, 2012 for new business and January 15, 2013 for renewal business. The requested rate increase is not uniform. Some areas are subject to a higher rate increase.

Florida law allows the Office of Insurance Regulation to hold a public hearing for any purpose within the scope of the Insurance Code deemed to be necessary. Input from the insurers as well as interested parties will be received at this public hearing. If you are unable to attend this public hearing, please forward your comments to the Office of Insurance Regulation at [e-mail]; the subject line of your e-mail should read “State Farm Florida.”

A copy of the agenda may be obtained by contacting: Stephen Thomas, Assistant General Counsel, [phone] and Cindy Walden, [phone].

Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 48 hours before the workshop/meeting by contacting: Cindy Walden, [phone] or e-mail: cindy. [e-mail]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).

For more information, you may contact: Stephen Thomas, Assistant General Counsel, [phone] and Cindy Walden, [phone].