Subject
State Farm Florida Insurance Company has requested average statewide rate increases of 27.9% and 95.7% for its homeowners and commercial property residential multi-peril programs, respectively. The proposed rate increases would be effective April 1, 2011, for new business and July 1, 2011, for renewal business. The requested rate increases are not uniform. Some areas are subject to higher rate increases.
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 email: ratehearings@floir.com; the subject line of your e-mail should read “State Farm Florida.”