Category: Archive – Seminars

> The National Association of Insurance Commissioners will hold a Catastrophe Reserve Working Group meeting on August 14, at 11:00 a.m. via teleconference.  Registration is required.  Meeting materials include: Meeting Agenda Catastrophe Reserve Proposal Comments from Jim Olsen, Director, Insurance …

Regulators demanded explanations from State Farm as it defended its 47.1 percent rate-increase request at a public hearing. BY BEATRICE E. GARCIAMiami Herald–August 13, 2008 Regulators grilled State Farm officials Tuesday, demanding explanations to justify the 47.1 percent rate hike …

Miami Herald–August 12, 2008 BY BEATRICE E. GARCIA State Farm Florida Insurance has told the Office of Insurance Regulation that its actuary was incorrect when she said the company planned to drop an additional 31,000 policies Tuesday morning. During a …

Brevard homeowners would pay 59% more for State Farm coverage BY PAUL FLEMMINGFlorida Today–August 13, 2008 State regulators on Tuesday aggressively grilled State Farm officials asking them to justify their request for an average 47 percent increase in homeowners’ insurance …

St. Petersburg Times–August 13, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — When State Farm officials appeared before Florida regulators Tuesday to seek a 47.1 percent statewide average rate hike, Office of Insurance Regulation general counsel Steve Parton zeroed …

News-Press–August 12, 2008 I know, “when it rains, it pours.” But in the midst of our economic storm, State Farm brings Noah to mind. Amazingly, State Farm officials kept a straight face Tuesday in trying to defend their requested 47 …

Florida consumers have been told mitigation could be the sure way to reduce insurance costs, but one insurer says it’s killing its bottom line and wants a big rate hike. BY BEATRICE E. GARCIAMiami Herald–August 12, 2008 When Edgar Wilson …

St. Petersburg Times–August 11, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — Instead of facing a proposed 47.1 percent average increase in property insurance premiums, State Farm’s nearly 1-million customers statewide should see rates cut almost 40 percent, according …

The Tampa Tribune–August 12, 2008 By JEROME R. STOCKFISCH In February, the Illinois-based State Farm group of insurance companies reported the company’s fifth consecutive profitable year. Five months later, State Farm’s Florida operation asked regulators for an average rate increase …

PR Newswire–August 12, 2008 Intent on demonstrating that there is plenty of room for "little guys" to compete successfully against the direct-writing monoliths of the online insurance arena, Florida Home Insurers, Inc. announced that more than 8,000 Floridians visited its …